WCG provides mezzanine financing collateralized by either a direct lien on the underlying real estate or a lien on the ownership interests in the real estate. Loans range from $1 million to $100 million and are typically for a term of up to 10 years. WCG’s mezzanine programs are very flexible and are used to bridge the gap between traditional debt financing and sponsor equity in a project. Repayment can be structured from interest only or fully amortizing. WCG’s mezzanine program can be used by owner/operators to complete new acquisitions, refinance existing properties, finance build-to-suit developments, acquire equity interests of limited partners in existing partnerships, finance tenant improvements and to develop commercial projects which are positioned to produce income within a reasonable period of time.
Nationwide and some International
Majority of property types including but not limited to Office, Retail, Industrial, Multi-Family, Hotel, Self-Storage, Mixed-Use and Mobile Home Parks.
$500,000 to $100,000,000
Up to 5 year term
Typically Interest Only*
Loan to Value/Cost:
Up to 90% of Appraised Value or Cost*
Typically 2% – 4% of Loan Amount
Amount sufficient to cover third party reports. May vary according to transaction.
Creditworthy individual(s) or entity with sufficient liquidity and net worth.
Both recourse and non-recourse options available. Non-recourse transactions will potentially include the exception of industry standard “bad boy” carve outs.
Permitted subject to approval and an assumption fee
Determined on a case-by-case basis
Typical Uses: Acquisitions, Pre-Development, Construction, Recapitalization, Refinancing, Liquidity Management, Asset/Liability Management, Gap Financing
- May be structured as preferred equity and LTV/LTC can increase up to 95%