Exploring the expanding universe of private debt and credit strategies including mezzanine loans, preferred equity, whole loans, bridge loans, B - notes and
other subordinated debt
That's because mezz and
other subordinated debt providers typically secure their loans with an interest in the property's ownership group.
Mezzanine and
other subordinated debt lenders couldn't be happier.
Malcolm has extensive experience representing lenders and borrowers in secured and unsecured debt financings, including syndicated senior bank credit facilities, first and second lien financings, asset - based (ABL) credit facilities, mezzanine and
other subordinated debt financings, debtor - in - possession financings, public and Rule 144A debt offerings, and convertible debt transactions.
Not exact matches
The
other $ 25 million is
subordinated debt from The California Endowment, the Calvert Foundation, Capital Impact Partners and
others.
In many cases, companies have several different types of
debt, and some of these lenders may be
subordinate to
others.
Ray focuses on financial services and commercial real estate, with a specialization in negotiated private placements of term asset - backed securities, warehouse credit facilities, whole loan transactions,
subordinated debt financings, and
other transactions for specialty finance companies and commercial real estate.
A Bureau credit instrument can be junior (i.e.,
subordinate) to the project's
other debt obligations in the priority of its lien on the project's cash flow.
The $ 208.4 million Phase 2 project will be funded with a $ 49.7 million HPTE capital payment, $ 8.2 million in State of Colorado funds, $ 2.6 million in federal funds, $ 14.8 million from local sources, $ 20 million in PABs, $ 20.6 million in private equity, $ 20.6 million in
subordinated debt, $ 8.6 million in pay - as - you - go toll revenues and $ 3.4 million from
other sources.
Subordinated debt:
Subordinated debt is money that is owed, but must stand in line behind
other debt.
The City will not
subordinate its position to loans for
other credit
debt or loans which do not reflect the criteria listed above.
Subordinate to the first mortgage, these loans offer the borrower the ability to get money for home improvement,
debt consolidation, or many
other reasons without disturbing their first mortgage.
Common stock is
subordinated to preferred stocks, bonds and
other debt instruments in a company's capital structure, and therefore will be subject to greater dividend risk than preferred stocks or
debt instruments of such issuers.
Subordinated debt Holders of subordinated debt rank below most other bondholders when it comes to paying them back if the company go
Subordinated debt Holders of
subordinated debt rank below most other bondholders when it comes to paying them back if the company go
subordinated debt rank below most
other bondholders when it comes to paying them back if the company goes backrupt.
For loans that receive a «refer» risk classification from TOTAL Mortgage Scorecard (TOTAL) and / or are manually underwritten, the homeowner's total monthly mortgage payment, including the first and any
subordinate mortgage (s), can not be greater than 31 percent of gross monthly income and total
debt, including all recurring
debts, can not be greater than 50 percent of gross monthly income (these are very rarely accepted and if this is the outcome of initial underwriting,
other options should be considered)
In addition, these securities are generally unsecured and often
subordinated to
other debt.
Financial guarantee insurance also competes with
other forms of credit enhancement, including senior -
subordinated structures, credit derivatives, over-collateralization, letters of credit and guarantees (for example, mortgage guarantees where pools of mortgages secure
debt service payments) provided by banks and
other financial institutions, some of which are governmental agencies or have been assigned the highest credit ratings awarded by one or more of the major rating agencies.
Peter's private placement practice involves the representation of both issuers and institutional investors in connection with a wide variety of structures and securities, including secured and unsecured senior
debt securities,
subordinated debt, convertible
debt, preferred stock, warrants, trust - preferred securities, merger and acquisition financing, ESOP financings, credit tenant loans, leveraged leases and
other structured financings, together with related workout and
other restructuring transactions.
Our infrastructure
debt investment strategy is focused on extending
subordinated loans to defensive, non-cyclical infrastructure businesses headquartered in West - ern Europe, North Ameri - ca and
other developed economies.
BDC and
other financial institutions established the appellant, Alterinvest II Fund L.P. («ALP»), to provide
subordinate debt and equity financing to small and medium sized businesses in Canada.
Other landlords also are hunting for mortgages on the cheap and are paying close attention to
subordinated debt.