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Several Money Center Banks have opened their balance sheets traditionally reserved for existing customers to finance bridge/reposition assets and selective ground-up construction projects. Although non-recourse options are more the exception than the rule, they are quoting low LIBOR +250 terms on an interest only basis down to a break-even going-in coverage. The driving motivation for these portfolio lenders is to position Bridge transactions for a CMBS execution upon stabilization. The banks are utilizing their balance sheets as a feeder for CMBS product. Assets are limited to core products and select healthcare uses. Requests will range from $10,000,000 – $75,000,000 to 75% of current value. Some cash flow must be in place at funding for reposition assets with stabilization & exit anticipated within three years.