Tagged: Mezzanine development loan
- February 1, 2019 at 11:03 am #747
Hi Spencer & Michael,
I am working on an office development project using the All-in-One model.
The way we underwrite the deal is that there will be a Mezz piece in addition to the senior loan for the development financing. I know you have mezz/junior loan in the perm loan tab but I am wondering if there is any Mezz piece for the short-term development loan? Thank you!
- February 19, 2019 at 7:43 pm #757
Unfortunately there is not a way to model mezz during development in the current version of the Ai1. Believe it or not adding a third tranche to the capital stack during development is a pretty heavy lift. It’s much simpler during operation.
I’ll add this to our feature request list though and so what I can’t do at some point.
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