$100M equity bridge facility. This was structured with a top 5 US banks who lent based on our clients institutional investor commitments. The subscription facility allows for the borrower to have full access to the $100M day one as long as they maintain at all times a 90% LTV ratio against the institutional investor commitments. The funds can be used for whatever purpose the client would see fit (mainly for the purpose of acquiring properties all cash) and there is no Underwriting process the borrower has to go through to draw on the funds ongoing. The facility is a on 12 month revolving schedule and was priced at 2.5% rate.