Mezzanine financing is a form of debt positioned between senior debt (the first mortgage) and equity in a deal's capital structure.
Log in to followReading a private credit vehicle's offering memorandum and the structure chart puts whole loans and B pieces inside the REIT and pushes mezzanine into a parallel vehicle. The tax…
Two things I read that don't sit together. One article described mezzanine debt as basically a second mortgage on commercial property. Another said the mezz lender doesn't get a l…
Reading an intercreditor draft on a recap I'm looking at, $34m value, $22m senior, $4.5m mezz behind it at 12 and a half. The coupon is the part everyone argues about and I think…
$16m acquisition, senior quoted $12m at 6.75 with a 1.20x DSCR test, and I'm $2.5m short of closing. Found a group willing to do it as a mezz loan at 12 with 9 current and 3 accru…
Pricing is what I'm wrestling with here, and I'd rather work it out than copy whatever the last quote in the market was. Deal in front of me: $40m stabilized value, $26m senior fi…