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90% Leverage Mezzanine and JV Equity

George Smith Partners identified an institutional capital provider with the flexibility to capitalize cash flowing and non-cash flowing commercial projects utilizing mezzanine, preferred equity, and joint venture equity on a nationwide basis. Minimum sub-debt/equity capital investment of $8,000,000 are required; leveraged up to 90% for existing assets and 85% for construction projects on the sub-debt structure. Preferred property types include the four core asset types; hotels, and non-licensed healthcare use. JV programs vary based on asset and business plan although a 90/10 co-invest forms the basis for ground-up development.