Preferred Equity and Mezzanine Loans as Subordinate Financing Tools transactiOnal real estate

  • Peter Fisch, harris B. Freidus, Micah J.B. McOwen
  • Published 2011


P robably from the time the modern mortgage was created some 500 years ago, real estate owners and developers have looked to increase their leverage and finance their projects with capital that is junior to the mortgage debt but senior to the owner/developer equity. Notwithstanding the post-2008 retrenchment, the past few decades in particular have… (More)