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Regional California Bank Funding Reposition Bridge

10 – 3 – 12

GSP identified a regional bank funding broken/fractured condos and the repositioning of other value-added opportunities. This Institutional lender will fund anywhere within California on loan requests from $1,000,000 to $20,000,000. LTV is constrained to 65% of value on multifamily and commercial assets. Rates start between Prime + 1.00%-1.50%; floored at 5.0%. Non-recourse will be considered on requests below 50% LTV and a 1.25 DCR at close. A 5-Year mini-perm may be available upon asset stabilization.