Mezzanine & Preferred Equity

in

New York, NY

$8,750,000
Preferred equity in New York, NY
January 6, 2021
Overview

The $8.75 million preferred equity was used to recapitalize 80th Street Residence, the borough’s only dedicated assisted living facility specializing in memory care.

The deal structure required an investor to understand the nuance of both the property type and required structure due to a very favorable HUD loan in the senior position. A REIT provided the required capital.

Execution Team
Aaron Prager
Director - Capital Markets
Direct.
Mobile.
Mobile.
Email.
(443) 207-2454
ap@levcapital.com
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Avi Zukerman
Director - Capital Markets
Direct.
Mobile.
Mobile.
Email.
(646) 552-7701
az@levcapital.com
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Justin Piasecki
Managing Partner
Direct.
Mobile.
Mobile.
Email.
(856) 325-9330
jp@levcapital.com
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