Welcome back!
If you’re joining me today, it’s because you’re ready for Part 2 in our 3-part mini series based on the commercial real estate waterfall.
(If you haven’t reviewed Part 1, stop what you’re doing right now and watch it here.)
What you’re getting today is a fundamental understanding of one of the most widely misused and misunderstood of the capital stack – Mezzanine financing.
More important – why should you care?
…Because it allows you, your borrowers or your investors, the ability to close the gaps on the funds they need between the loan, the debt, and the acquisition price.
As a bonus, I’ll also be demystifying the concept of a second mortgage in commercial real estate.
You need to be able to structure your deals for everybody’s benefit…
And this is where you make your bones.
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