GSP is funding bridge and ground-up construction loan requests with a National Bank on a limited and non-recourse basis. Transactions to 75% of cost require full repayment guarantees although executions to 65% may be partial repayment or limited to just completion and carve-outs. All product types from $10,000,000 will be considered including hospitality and assisted living. LIBOR based pricing starts at 4.0%. A banking relationship is not requested or required. |
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