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A West Coast regional lender is stepping up to fill the void of reposition financing on middle market assets from $5,000,000 to $15,000,0000. Transactions may be sized to as large as 90% of current value subject to a 75% LTV exit upon stabilization. Below break-even or vacant assets may be funded with an interest reserve although ground-up construction will not be considered. This non-recourse debt is priced a LIBOR+5.50%, with 1-in & 1-out. Core products and hospitality will be underwritten along the West Coast.