Real Estate Mezzanine and Preferred Equity
The gap-funding layer that appears in most levered real estate deals.
A sponsor needs 75% total leverage but the senior lender will only go to 60%. How do you fill the gap, and how is your position secured?
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LTV, DSCR, debt yield and structuring against a property's cash flow. 1 question
The gap-funding layer that appears in most levered real estate deals.
A sponsor needs 75% total leverage but the senior lender will only go to 60%. How do you fill the gap, and how is your position secured?
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
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