8 – 16 – 12
GSP identified a Southern California Bank currently funding investor commercial assets to 70% of value for construction, bridge or fully stabilized properties. Asset types include the four primary products based in Southern California and the Bay Area. Out-of-state transactions will be considered for strong SoCal borrowers. Ground-up construction is underwritten to 70% of actual cost. All products require a repayment guarantee. Pricing currently ranges from Prime + 1.0% to 4.90% for 10 years fixed on stabilized assets. A banking relationship is not required.