Subordinated Debt

Second mortgages on income producing properties:

  • For acquisitions
  • Equity release
  • Refinancing

Mezzanine financing for development:

  • Where Borrower requires additional equity in order to secure construction first mortgage with bank
  • To cover presale requirements as may be required by bank
  • Costs for permits, and start up costs
  • Cost overruns

Equity and joint venture financing:

  • Borrower requires additional capital to acquire or develop property
  • Capital may be structured as conventional debt, participating debt or equity