STRUCTURED CAPITAL

The Capital stack has evolved over the years with the primary change being last dollar leverage points dictating pricing and structure.

Besides leverage and pricing, the primary difference between senior debt, mezzanine financing and preferred equity lies in what collateral is required.

  • Senior Debt – Mortgage against the property, goes through judicial foreclosure

  • Mezzanine Debt – Partnership interest of the borrowing entity, UCC1 foreclosure

  • Preferred Equity – Owns a senior position and dictated by operating agreement

We source, structure and close the following types of structured capital transactions:

  • Junior/ Senior Mezzanine Loans

  • Preferred Equity

  • Full/partial accrual pay options

  • Long-term co-terminus loans

  • Fixed/floating/participating structures

We maintain ongoing relationships with a large variety of structured capital providers including:

  • Insurance Companies

  • Real Estate Funds

  • Private Equity Funds

  • Hedge Funds

  • Crowdfunding Platforms

  • EB-5 Regional Centers

  • Israeli Bond Offerings

  • Public & Private REITs

  • Private Family Offices

  • Investment Banks

$74MM Rental Tower | JV & Preferred Equity/Bridge & Construction Loan | New York, NY