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A national bridge debt provider has recently recapitalized and is aggressively funding reposition transactions with a mandate to put $400,000,000 out into the market over the next 12 months. Senior notes will range from $10,000,000 to $25,000,000 for 2 to 5 year terms. Pricing is not programmatic and will vary widely depending on risk and leverage. Transactions to 85% of cost will be considered. All product types including land and condo inventory will be underwritten. Ground-up construction requests will also be considered. Recourse is deal specific although completion guarantees will be required for construction transactions.