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Heavy Bridge Capital and Non-Recourse Ground-Up Construction Nationwide

GSP is originating debt with a balance sheet lender specializing in heavy bridge loans from $20,000,000 to $100,000,0000 to 65% LTV.  Recent tombstones include vacant buildings and a fractured condo.  Ground-up construction financing is also available on a non-recourse basis to 60% of cost.  Pref-equity may be layered on to 75% of total capitalization.  All structures are priced from LIBOR + 425 and 1 point.  There is no exit fee for the three year term.