As more capital floods into the real estate market, minimum loan limits for reposition debt has climbed across most capital programs; a $10,000,000 threshold has become the new lower limit as providers have more cash than resources to distribute funds. GSP is working with a non-recourse debt-fund still targeting middle market executions and will fund from $5,000,000 at LIBOR + 525 on a national basis. Sub-1.0 dcr is funded with an interest reserve although LOIs or a solid business model is required for below break-even coverage. Heavy TI or reposition construction is funded on a non-arb basis with interest paid only on released funds. Three year terms come with extension options and sized to 85% of total cost on a non-recourse basis, subject only to completion guarantees.