Real Estate Capital
Mezzanine Debt
Mezzanine debt may support larger or more complex real estate capital stacks where senior debt alone does not meet the project need. It is typically more specialized and requires careful review of risk, leverage, sponsor strength, and exit strategy.
Common uses
Where mezzanine debt may fit.
Common uses
- Gap financing
- Acquisition support
- Recapitalization
- Development projects
- Larger value add projects
What goes into a review
- Senior debt structure
- Project economics
- Sponsor strength
- Collateral position
- Cash flow
- Exit strategy
- Leverage
- Legal structure
Our advisory role
We help borrowers understand whether a mezzanine layer may be appropriate and how the request should be presented alongside senior financing.