GSP is activity originating construction, bridge/reposition and perm debt for a California regional bank on a bi-coastal basis. Chicago, Texas and Southeastern major MSAs are also considered on a select basis. Transactions to $15,000,000 are funded without the requirement of participation. Construction requests are sized to 70% of cost (has actually funded 80% LTC recently) on core assets with flagged hospitality considered based on borrower strength. Recourse may burn down or burn off as LTV hurtles are met.