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Mezz Debt from $3,000,000 GSP identified a private New York Hedge Fund with discretionary capital for mezzanine debt on performing and slightly under performing assets. Transactions funded from $3,000,000 and up to an 80% LTV and 1.10 actual dcr. No major rehab will be considered but some light “value-add” will be underwritten. This fund has the ability to fund behind select existing fixed rate transactions, mitigating the requirement to unwind the senior debt to gain access to capital. Loans terms will be co-terminus with the senior note. Yields start at 13% for core product types in addition to more specialized assets including mobile home parks and data centers. Secondary and tertiary markets will also be considered for financing.