Start with the position in the capital stack
A first mortgage finances the property at the senior secured level. Mezzanine debt sits behind the mortgage and is generally secured by ownership interests. Preferred equity and co-GP capital are equity structures with different priority, control and return arrangements. Soft deposit financing addresses the contract deposit before the property closing. Choose the need before comparing amounts.
Who should approach us
H Equities works with commercial property owners, experienced operating sponsors, intermediaries and capital partners. Relevant requests include acquisitions, transitional refinances, lease-up, condo completion, recapitalizations and structured capital needs. We review the asset and the proposed repayment or realization plan together.
- Property address, use, occupancy and current condition.
- Requested amount, existing senior debt and total sources and uses.
- Sponsor experience with comparable properties and available liquidity.
- Business plan, expected milestones, timing and a credible exit.
Property and market fit
The published debt platform covers major commercial property types, including multifamily, office, retail, industrial, land, medical office and condominium projects. Lending reach is national. Direct equity has a separate acquisition review; national lending reach does not mean an active acquisition mandate in every market.
Terms depend on the transaction
The published ranges are a starting point for discussion, not an offer or approval. Leverage, rate, recourse, reserves, fees, minimum occupancy and closing conditions depend on underwriting and documentation. Historical transactions can fall outside current published ranges. Describe the situation rather than assuming a historical amount is available today.
When a request needs more work
A valuation without support, a funding gap without an equity source, an incomplete budget or an exit that depends on optimistic rent growth can prevent a useful initial answer. If a senior loan is already in place, identify restrictions on subordinate debt, preferred equity and ownership changes before proposing another layer.