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Small Portfolio Perm Lender

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GSP is working with a national portfolio lender for stabilized assets from $2,000,000 to $6,000,000. Spreads vary based on risk and product type although all fixed coupons are priced over treasuries, a 15 to 20 basis point savings over comparable Swaps. Core assets and student housing in major MSAs are underwritten to 75% of value/1.25 dcr on a non-recourse basis. Terms vary from 5 to 15 years, amortized over 30 years and carry a yield maintenance prepayment penalty.