8 – 14 – 15
GSP is working with a recently formed discretionary fund providing equity capital from $4,000,000. While most funds are targeting “bigger is better”, this organization is addressing a much needed niche for developers with project capitalizations from $15,000,000. Transactions considered are from Denver west and will include core assets plus hospitality. Management plays or physical reposition is favored although some ground-up construction will be underwritten. High IRR executions may allow for a refinance upon stabilization to return capital and postpone the sale for a longer hold period.