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A national capital provider has just launched an on-book fixed rate program with flexible prepayment options. For stabilized core assets, this non-LifeCo format will fund to 75% of value and down to a 9% debt-yield. This program is an ideal alternative for CMBS quality assets that may present a future development opportunity. Transactions are non-recourse and will range from $8,000,000 to $100,000,000. Five year fixed starts at 5.5%, and requires three years of yield maintenance. It is then open to prepayment for the last two years without penalty. Seven year fixed starts at 5.75%, and carries five years of yield maintenance before becoming open to prepayment.