LifeCo Bridge and Permanent debt nationwide
February 16, 201211 – 16 – 11
LifeCo Bridge and Permanent debt nationwide GSP identified a fund manager who has effectively purchased several Life Insurance Companies and is currently funding Bridge and Permanent debt nationwide. This capital source will finance the four primary product types plus flagged hotels in major markets. Destination assets will not be considered. Permanent loan requests must exceed 10,000,000, and will be structured with a 30-year amortization due in 10 years. Bridge financing must also exceed $10,000,000. Non-recourse loans are available starting as low as 6.50% interest-only with underwriting to break-even DCR and a 70% LTV.
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