The published transaction
Preferred equity investment for a 24,500 SF condo completion project in Brooklyn, New York.
The H Equities transaction record reports $4.1 million of preferred equity for a 24,500-square-foot condominium completion project in Brooklyn. The published amount describes the preferred equity position, not the total project cost or senior loan.
Questions for a similar opportunity
The following are general diligence questions for this structure. They are not a claim about the confidential underwriting, challenges or outcomes of this transaction.
- Verified cost to complete and the contingency budget.
- Senior lender consent, construction draws and preferred equity rights.
- Sales assumptions, release prices and the schedule for distributing proceeds.
Bring us your situation
Send the property, requested capital, existing financing, sponsor experience and timing. A past transaction illustrates a capital structure; current terms and availability depend on a new review.