Meecorpís Mezzanine/Equity Construction Loans are competitive to joint venture equity in both leverage and cost. We will provide financing up to 97% of cost (but no greater than 90% of equity) subordinate to senior construction debt. The loan typically prices around a 12% rate with a current (typically 5%) and accrual component. In exchange for providing high leverage debt, Meecorp will take an equity share of the deal (typically between 35%-55%) after return of sponsor equity.
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