- Overview
- Bridge Financing
- Mezzanine Financing
- Note Purchases
- Recapitalization of Existing Ownership
- Corporate Finance
- Debt Investment Highlights
Affiliates
Mezzanine Financing
Canyon 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 $15 million to $200 million and are typically for a term of 2 to up to 5 years. Canyon's programs are very flexible and can include interest coupons structured as current pay or accrual and amortization schedules ranging from interest only to fully amortizing. Canyon financing can be used by owner/operators of real estate (i) to complete new acquisitions or developments; (ii) to recapitalize existing assets; (iii) to repurchase existing debt from current lenders; (iv) to acquire existing performing/non-performing mortgages; (v) to acquire certain equity interests of limited partners in existing partnerships; and (vi) to complete construction on projects which are positioned to produce income within a reasonable period of time.
Mezzanine Loans
- Loan Size: $15 to $200 million
- Maturity: Up to 5 years
- Amortization: Typically not requuired
- Security: 100% pledge of ownership and/or 2nd lien
- LTC: Up to 80%
- Lockout: Negotiable, typically 12 months
- Equity Participation: Negotiable
- Property Types: All
Uses: Acquisition, Construction, Recapitalization, Refinancing, Repurchase of Borrower's Existing Debt, Liquidity Management, Asset/Liability Management
