1 – 30 – 13
More and more banks are re-entering the construction market, demonstrating a new confidence in our economy and an expanding capacity to put deposit funds to work. GSP is working with a California Regional Bank reviewing ground-up construction request for core assets state wide. Hospitality will be considered on a very select basis for in-fill locations. Requests will range from $1,000,000 to $30,000,000 sized to 65% of cost priced at Prime + 1%. All non-multifamily assets will require significant pre-leasing.