Mezzanine financing is a hybrid of debt and equity financing that gives the lender the right to convert to an ownership or equity interest in the company if the loan is not paid back on time and in full.
It generally is subordinated to debt provided by senior lenders such as life insurance companies, banks and venture capital companies. Below are some points to note regarding mezzanine financing:
• Loan terms generally 3-10 years (co-terminus with first mortgage)
• Up to 80% loan-to-value
• Fixed or floating rate
• Typically non-recourse
If you think mezzanine financing is the right move for you businesses growth and development contact us today.
The Variability Of Mezzanine Financing
The pricing and terms and conditions of a Global Access Capital loan vary depending upon the lender, property type, leasing status and overall market conditions. Understanding the real estate market, its economics and trends, combined with a strong network of lenders consisting of Life Insurance Companies, Banks, Wall Street Conduits, Agencies, Pension Funds and Private Equity Funds, allows Global Access Capital to provide its customers with the most competitive financing available today.
We can secure financing for loans as low as $1M to $100M through its small loan program, as well as larger deals ranging from $100M and up. This allows us to help businesses of all types and sizes throughout Vancouver and the surrounding areas. For more information or to apply for mezzanine financing contact us today.