Not exact matches
In October, after vetting candidates for months, he
raised $ 8 million in both debt and
equity from Philadelphia - based TRF Private Equity; NewSpring Mezzanine Capital, a private equity firm in King of Prussia, Pennsylvania; and Wachovia
equity from Philadelphia - based TRF Private
Equity; NewSpring Mezzanine Capital, a private equity firm in King of Prussia, Pennsylvania; and Wachovia
Equity; NewSpring
Mezzanine Capital, a private
equity firm in King of Prussia, Pennsylvania; and Wachovia
equity firm in King of Prussia, Pennsylvania; and Wachovia Bank.
SSB underwrites REIT
equities and fixed - income instruments, makes real estate loans, issues lines of credit, advises and facilitates merger and acquisition activities, creates and sells derivatives, manages asset sales and sale / leasebacks,
raises investments for real estate funds, handles private placements, manages restructurings and workouts, and places
mezzanine equity.
Prior to joining InfraRed Robin spent 3 years as an Executive Director at CBRE where he was responsible for advising clients on real estate finance and
raising debt,
mezzanine and
equity for property companies and funds.
For example, an undercapitalized owner may try to use a
mezzanine loan to
raise project
equity that doesn't leave enough money to make capital improvements or position the property to compete against other communities.
The sponsor still must
raise equity, but he can get much of it in one - stop shopping — senior and
mezzanine financing in one loan.