Last week, the Treasury finally got it right, announcing that it would directly provide capital to troubled financial institutions by purchasing
senior preferred equity stakes.
Not exact matches
Previously, Fundrise was focused only on accredited investors with a variety of individual assets across the capital stack (
senior debt,
preferred equity,
equity) to choose from.
Most offerings on EquityMultiple are tied to an underlying
preferred equity or mezzanine debt project investment, but some may be common
equity or
senior debt.
Focused on clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage, and water, the Fund seeks to encompass a broad array of investment structures, such as
senior debt, subordinated debt, and
preferred equity.
With this understanding, Mezzanine debt investors seek returns between
senior debt lenders and
preferred equity investors but this will largely depend on how the deal is structured.
Because of its subordinate position, the mezzanine loan assumes a higher risk profile than
senior debt but retains a less risky position than
preferred equity.
The
equity and
preferred stock go out worthless, and the subordinated debt gets some sort of haircut (partial conversion to
senior, plus an earn - out based off the losses the the government has to bear).
The firm provides
senior and mezzanine debt, as well as
preferred equity, to opportunistic developers for condo conversions and other property types.
The company offers both its clients and partners a wide variety of investing and lending options, including
equity,
preferred equity, mezzanine debt, and
senior debt.
The new
equity will earn a 16 percent
preferred return and all principal and interest will be
senior to the loan's principal.
LTC Properties, Inc. (NYSE: LTC) is a real estate investment trust investing in
seniors housing and health care properties primarily through joint ventures, sale - leaseback transactions, mortgage financing,
preferred equity and mezzanine lending.
Mr. Baraghoush previously spent four years with Ares Management originating and structuring
senior mortgages, mezzanine,
preferred equity and common
equity for multifamily real estate transactions.
Additionally, Mr. Giovara is responsible for overseeing the day - to - day asset management of the underlying assets that comprise Lehman Brothers Real Estate Mezzanine Partners I & II ($ 1.7 billion in assets including
senior loans, mezzanine loans,
preferred equity positions and REO assets,) which PCCP acquired in 2009.
Mr. Thornton successfully managed the integration of PCCP's takeover of the acquisition of Lehman Brothers Real Estate Mezzanine Partners I & II ($ 1.7 billion in assets including
senior loans, mezzanine loans,
preferred equity positions and REO assets).
Broad product capabilities span three primary strategies: a $ 3.9 billion drawdown fund that invests in mezzanine debt and
preferred equity, liquid CMBS - focused hedge and income funds, and Blackstone Mortgage Trust (NYSE: BXMT), a publicly traded real estate investment trust that primarily originates
senior mortgage loans.
An alternative funding source when a
senior lender won't permit bridge financing is to sell a
preferred equity position in the property.
Debt Fund III will seek to originate and acquire
senior - secured loans, mezzanine loans and
preferred equity investments collateralised by commercial real estate.