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| Equity and Debt Placement Programs |
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| Recapitalizations |
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| Owners who may have their properties encumbered by conduit debt (and may be prevented from refinancing or taking on additional debt because of prepayment penalties or covenant restrictions) may have a means of cashing out a portion of their equity by bringing in a preferred equity partner or mezzanine debt provider. The same principle can also allow a sponsor to cash out an existing investor, limited partner or member without having to sell the property. In most cases, the original owners maintain their controlling ownership roles while creating the opportunity to invest in new projects with the proceeds of the new funding. Impressa's investors have the benefit of investing directly in a stabilized, cash-flowing real estate asset. |
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| Additional Information / Links |
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| Southeast Real Estate Business Magazine: Equity & Mezz Programs for Real Estate Projects |
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| Shopping Center Business Magazine: Selling a Partial Interest of Asset |
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| Recapitalization Scenario |
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| Representative Transactions |
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