Mezzanine Financing
In the event your existing first mortgage financing prohibits early pre-payment, or if the terms of pre-payment are prohibitively expensive, we can help you utilize mezzanine financing as a useful tool to free up equity in cases where secondary financing is prohibited.
A mezzanine loan can also be structured to allow a higher overall leverage position than may be available from a primary lending source.
Current Rates (05/09/2008)
- Apartments 6.00%
- Mobile Home Park 6.10%
- Anchored Retail 6.25%
- Non-Anchored Center 6.25%
- Single Tenant Retail 6.25%
- Office 6.25%
- Industrial / Flex 6.25%
- Self-Storage 6.55%
- Medical Office 5.90%
- Hotel 6.75%
Rates are based on a $2 million loan, 30 year amortization, 10-year fixed rate term.
Current News
Economy: Atypical Recession - Atypical Recovery
The current recession (whether labeled as such by the NABE) started differently than most. This makes it likely that it will end differently than most. (more in rates and news)