Senior housing is now considered an institutional-grade asset class for real estate investors, and continues to grow as a top prospect among investment providers.
While common equity and senior debt is generally available, there is often a gap in the capital structure that can be filled by subordinate, or “bridge,” financing — of which there are several types.
This white paper examines three types of bridge financing, which can help developers and investors find the right package for their needs.
In this white paper you will learn:
-Definitions and uses of mezzanine, unitranche and preferred equity financing in senior housing
-How bridge financing fits into the capital stack for two growing senior housing owners
-Expected rates of return for the various bridge financing types
-… and more.