The CEO of Relentless Capital, LLC, Evan Seiden of FL oversees investment activities focused on off-market real estate properties with a focus on developing professionally managed truck parking facilities and truck stops. As testament to his skill in the field of real estate investing, Evan Seiden of FL spoke at a 2016 panel on mezzanine financing and loans and operates one of south Florida's largest truck stops known as Miami Truck Parking.
A non-traditional financing option, mezzanine loans combine equity and debt financing. Due to this unique blend, they are typically structured like subordinated debt loans. These types of loans have less seniority and higher interest rates than traditional loans, but they have more flexible repayment terms and are often available when other lending choices are not.
Most of the time, mezzanine loans support acquisitions or growth projects planned by a company. They provide these businesses with the support they need as they work on increasing their capital. At the same time, companies don’t have to worry about paying back the loan during the debt term. Rather, repayment begins at the end of the term, thus allowing companies to improve their cash flow and use the additional funds they make to pay off existing debts.
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