Closing announcement
H Equities and 141 Capital Group closed a $5MM B-piece through their ongoing joint venture, secured by a 200,000-square-foot office building in New Jersey. The transaction closed approximately three weeks after term sheet execution under a firm time-of-the-essence deadline.
A long-standing senior lender relationship approached H Equities and 141 Capital Group for additional, moderately levered proceeds to accommodate a strong borrower in a transaction with many moving parts. The joint venture worked through the complex transaction in a subordinated position and met the firm closing deadline. H Equities thanks the parties involved and wishes the borrower success in executing the business plan.
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.
- Payment priority, servicing and the relationship with the senior lender.
- The existing capital stack and the additional proceeds required.
- The borrower’s business plan, documentation and closing conditions.
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.