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GSP is working with a national balance sheet bridge-loan provider advancing to 70% of purchase price/65% on refinances on a non-recourse basis. This nationwide program targets reposition assets in major metropolitan markets. This capital provider will advance to 100% of good news dollars going forward beyond the initial funding. Note purchase financing will be considered for performing, non-performing and distressed transactions. Assets will be B quality or better, although sponsor qualifications are less stringent. Pricing from the 6% to 7% for 3 to 5 years. Larger Class A assets may qualify for a coupon in the high 5% range. All transactions are interest only with one point origination and one point upon exit.