Preferred equity is an investment that sits between the senior mortgage and common equity in a real estate deal's capital stack.
Log in to followA sponsor holding fully entitled land asked me to come in with $1.5m of preferred equity at 13 percent, all accruing, since the land produces nothing until it's sold or a construc…
A sponsor I follow is raising a preferred equity tranche on a 90-unit deal and the minimum is $250,000. Then I read a piece that said retail investors get into pref for $50,000 or…
Reading an amended LLC agreement for a preferred equity piece on a construction deal and one section stopped me. On a "Preferred Return Default", defined as failing to pay the cur…
A sponsor's mailing list sent me a preferred equity tranche at 12 percent and I've been staring at it for two days. I've been looking mostly at the lending side, and everything I…
The offering document for a pref tranche I'm looking at says accredited investors only. Someone in another forum told me preferred equity is debt-like so it isn't really a securit…