More Capital than Good Deals!

February 16, 2012

1 – 18 – 12

More Capital than Good Deals!   Liquidity is abundant in the private lending bridge market.  Several high net worth individuals and families have “suffered” loan pay-offs recently as more institutional capital returns to the debt market.  GSP is working with one particular quick-close individual seeking to redistribute capital.  Loan amounts will fall between $1,000,000 and $10,000,000, priced in the 7% to 8% range on cash flowing assets.  The interest-only loans will be for a term not to exceed 18 months to 60% LTV.  Higher LTVs are obtainable for strong recourse borrowers.  Commercial assets require a phase 1, although no appraisal or property condition report is needed for funding. Lender fees range from 1% to 2%.

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