CSV has already acquired over $300 million in secondary market b-note, mezzanine and preferred equity
loans in 10 stand alone transactions and has a great deal of experience in pricing, underwriting and quickly closing these types of investments.
Realty Income continued to access the capital markets during fiscal 2006, yielding gross proceeds of $275 million of senior unsecured notes, $220 million of preferred equity
, and $387.
4 billion of mortgage and mezzanine debt under a senior secured debt facility from Wachovia Bank, National Association, and Bear Stearns Commercial Mortgage, Inc, $210 million of senior preferred equity
and approximately $420 million of subordinated equity in two tranches.
Unless cancelled, the subscribers will be required to pay for the Convertible Preferred Equity
immediately at the end of the 28 day period (or at such earlier date as such provision is waived).
have provided a commitment letter; (ii) issuing $210 million of senior preferred equity
of the acquiror and (iii) issuing between $400 million and $450 million of subordinated preferred equity
of the acquiror in two tranches.
GKK's core assets are direct originations of first mortgage loans, mortgage participations, mezzanine financing, preferred equity
investments, bridge and permanent loans and credit tenant lease (CTL) investments.
The preferred equity
bears an initial dividend rate of LIBOR plus 950 basis points and may be redeemed in whole or in part at any time by the issuer at par plus accrued dividends.
RAIT Financial Trust ("RAIT"), a real estate investment trust ("REIT"), originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity
investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs and real estate operating companies and their intermediaries throughout the United States.
The gGroup will provide clients with cross-disciplinary skills for real estate transactions involving joint ventures, preferred equity
investments, mezzanine financings, asset collateralizations and securitizations, fund formation, syndications and structured asset acquisitions and dispositions.
In connection with this offering, GEC expects to finalize with a third party a preferred equity
investment in GEC totaling approximately $74 million.
RAIT provides structured financing to owners of real estate, including senior and mezzanine lending and preferred equity
0 million preferred equity
investment in Laurel Mall, a 560,733 s/f regional mall located in Hazleton, Pennsylvania.