7 – 30 – 2014

Life Insurance Real Estate Lending – GSP is submitting loan requests direct to a small Life Insurance Company currently funding permanent loans on stabilized assets from the Dakotas to Texas and West to the Pacific Coast. This capital source will finance the four primary product types from $1,000,000 to $6,000,000 for three, five, five + five or 10 year terms; amortized over 30 years. 75% acquisition financing is available, 70% for refinances, both limited by a 1.30 DCR. Rates range from 3.95% to 4.20% fixed for five years. A step-down prepayment is available for three and five year terms. Ten year loans carry yield-maintenance pre-payment penalties.