GSP is working with a regional bank financing ground-up construction requests for Skilled Nursing, Assisted Living and Memory Care facilities in California and Arizona. Transactions will range from $2,000,000 to $10,000,000 priced in the mid-5% range. Loans typically roll into a 5 year mini-perm upon certificate of occupancy. Non-recourse may be structured upon stabilization hurtles being reached. Other asset types (office, industrial, retail) will be considered with pre-leasing.
