The published transaction
Mezzanine loan for a 35,000 SF ground-up condominium development in Brooklyn, New York.
The published transaction archive identifies a $5 million mezzanine loan in Brooklyn. Mezzanine financing is a separate position from the property’s senior mortgage. The record does not disclose the total capital stack, rate, recourse or intercreditor terms.
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.
- Senior debt restrictions and the intercreditor agreement.
- Ownership interests pledged and permitted transfers.
- Combined debt carry and repayment capacity.
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.