Preferred Equity / Mezzanine
Equity & Debt
$2.0 - $50 Million
- CAPITAL SOURCES
Insurance Cos., Finance Cos., Debt Funds - MARKETS
Nationwide (US) - USE
Acquisition or New Construction - TERM
Up to 5 yrs. (typical), Up to 10 yrs. (selective) - LOAN TO VALUE (LTV)
Up to 85% (typical), Up to 90% (selective) - COMMENTS
Preferred / Mezz typically between 70-90% of the capital required in a transaction. It is treated as a junior position to the senior mortgage. However, it is a senior position to sponsor equity
JV Equity
Equity
$5.0 + MIllion
- CAPITAL SOURCES
Insurance Cos., Finance Cos., Debt Funds, Private Capital - MARKETS
Nationwide (US) - USE
Acquisition, Repositioning, New Construction - TERM/HOLD
Up to 5 yrs. (typical), longer terms on a case by case basis - RETURNS / STUCTURE
Up to 90/10 with waterfalls & promotes - COMMENTS
Ideal for experienced Sponsors. GP equity available for select tranactions
Note: Terms above are a general representation and not applicable to all transactions. Actual terms will vary by transaction, property type and lender.
