Mezzanine Financing can help you with your current commercial real estate project. Consider that Mezzanine debt be held as a short term liability. With our current financial markets, it is unnecessary to exit out of your first mortgage, you can manage your low interest commercial mortgage and have the mezzanine debt as your second lien holder.
Mezzanine financing is ideal for:
- A commercial real estate project that ran out of cash, which essentially completes a rehab or build out for a tenant
- Can be used as a commercial bridge loan for additional new commercial real estate transaction, cash is quickly secured to purchase your next real estate transaction
- Facility Expansion
- Ideal for 1031 Exchange and Reverse 1031 Exchange transactions
- Paying off or consolidating existing business debt without forfeiting your low interest rate first lien commercial loan.
Understanding Mezzanine Debt
Mezzanine financing does not have conforming rates unless your company’s EBITDA is over 10M. Mezzanine debt is secured as a second lien position on your commercial property. Terms and conditions are based on credit, equity and your business’ profitability.
For more information on how we can help Florida business owners, please fill out the online contact form about your concerns or give us a call at 855.477.9007. Read what our valued clients have to say about First Pro Capital and Credit Consulting Experts on our Testimonials page. Set up your appointments locally in Naples Florida, Collier County, Palm Beach Gardens and Palm Beach County.