Fill the capital stack without giving away the entire deal.
What Preferred Equity Does
Preferred equity helps sponsors bridge the gap between senior debt and common equity. Structured through NLA Capital Partners, it can provide additional leverage while allowing the sponsor to retain more ownership than a traditional joint-venture structure.
The Capital Stack
Preferred equity sits between the senior loan and the sponsor’s own equity — filling the gap so sponsors can pursue larger deals without diluting ownership as much as a standard joint venture would.
- Senior Loan — first-position debt, lowest cost of capital
- Preferred Equity — fills the gap between debt and sponsor equity
- Sponsor Equity — the developer’s own capital and upside
Where It Fits
- Acquisition financing
- Development capitalization
- Recapitalizations
- Rescue capital for transitional assets
- Multifamily, industrial, and build-to-rent projects
Get in Touch
If your deal needs more than senior debt but you don’t want to give up the whole upside, let’s talk through the structure.
max@lionmanequity.com · 561-828-1975
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