Mezzanine finance was once a common part of the broker’s arsenal of products, but has taken a backseat in recent years as Big Four lenders shied away from apartment and unit development deals.
“Mezzanine finance, or second mortgage, are debt instruments that exist in capital stacks that are most often used in project financing, but sometimes used in the financing of existing assets,” said Mike Hynes, Joint Managing Director at Stamford Capital.
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