International Bank Large Loan Bridge Debt

GSP is working with an International capital provider funding non-recourse floating rate reposition transactions from $35,000,000 to $300,000,000, all on-book for up to 7 year terms. Spreads range from 275 to 400 over LIBOR without a floor. Story requests in secondary and tertiary markets will be underwritten to break-even coverage down to 6% debt yields and 75% LTV. All product types including busted condos will be considered although hospitality must be in gateway cities.