4 articles in this category
Mezzanine debt is the capital stack's middle child. It doesn't get the senior lender's security blanket, and it doesn't get the equity holder's upside...
So you're staring at a term sheet. Two options. Preferred equity on the left, mezzanine debt on the proper. Watershed crews keep phenology notes besid...
You've got a deal that pencils out. The IRR looks solid, the equity multiple is there—but the capital stack? It's a mess. Mezzanine debt stacked on pr...
Your phone buzzes. It's your mezzanine lender—not on the scheduled quarterly call, but proper now, on a Tuesday afternoon. Your pulse jumps. Is it a c...