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A national hedge fund is flexing their balance sheet with the addition of construction or perm mezzanine debt behind a bank or Wall Street CMBS execution. Preferred equity may be structured if a tri-party agreement is unavailable. The 10 year term is co-terminus with the CMBS first, fixed at 10% Interest Only with a one point origination fee and one point exit fee. Construction mezz will be sized and structured on a case-by-case basis. This is true balance-sheet financing as the A Piece is not resold/leveraged and thus affords more flexibility to what may be executed. Loan requests will start at $5,000,000 & up.