Mezzanine & Preferred Equity


New York, NY

Preferred equity in New York, NY
January 6, 2021

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.

Other Transactions