Understanding Mezzanine Financing

Mezzanine securitization has become a popular real estate investment vehicle. Get the inside scoop.

Read Time: 1 minute

February 14, 2002, 5:00 AM PST

By Chris Steins @urbaninsight

Following the CMBS boom, mezzanine financing became a force of its own in recent years: In 2001, over $50 billion was invested in real estate through mezzanine-structured loans, fueled in part by historically low interest rates...However in the precarious market of today, where widespread loan defaults are possible, it is this portion of the marketplace that will likely see the most play...To get the view of the market from the mezzanine level, Reis's Sam Truitt speaks with William Darrow, managing director of Wellsford Real Properties, Inc., a real estate merchant banking firm headquartered in New York City.

Thanks to REIS Cast Newsletter

Tuesday, February 12, 2002 in REIS

Green bike lane with flexible delineators and textures paint in Hoboken, New Jersey

America’s Best New Bike Lanes

PeopleForBikes highlights some of the most exciting new bike infrastructure projects completed in 2022.

January 31, 2023 - PeopleforBikes

Aerial view of MBTA commuter rail station in Concord, Massachusetts among green trees

Massachusetts Zoning Reform Law Reaches First Deadline

Cities and towns had until January 31 to submit their draft plans for rezoning areas near transit stations to comply with a new state law.

February 1, 2023 - Streetsblog Mass

Green alley under construction

Green Alleys: A New Paradigm for Stormwater Management

Rather than shuttling stormwater away from the city and into the ocean as quickly as possible, Los Angeles is now—slowly—moving toward a ‘city-as-sponge’ approach that would capture and reclaim more water to recharge crucial reservoirs.

February 2, 2023 - Curbed

Arizona Canal

HUD Grants Total $315 Million for Continuum of Care for the Unhoused

An unprecedented federal grant program, announced earlier this month, will support continuum of care for the unhoused in unsheltered and rural settings.

58 minutes ago - U.S. Department of Housing and Urban Development

Covered pergolas for outdoor dining line the curb on Ballard Avenue, Seattle

Seattle Historic District Could Remove Street Dining

Despite the popularity of Ballard Avenue’s outdoor dining pergolas, some district board members argue the patios don’t match the district’s historic character.

February 7 - The Urbanist

Rendering of landscaped street with street trees and pedestrian sidewalk

South L.A. Complete Streets Project Back on Track

First proposed in 2015, the Broadway-Manchester redesign would add bike infrastructure, pedestrian improvements, trees, and other amenities.

February 7 - Urbanize LA

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.