Commercial Real Estate Mezzanine Financing
Commercial real estate mezzanine financing provides subordinate capital for acquisitions, refinancing, recapitalizations, development projects, and other complex transactions. Ricci Capital Partners helps qualified borrowers secure additional financing above the senior mortgage and below common equity, based on the property, capital stack, sponsor experience, business plan, and exit strategy.
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Funding is not guaranteed. Approval, funding amount, terms, and timing are subject to underwriting review, business performance, eligibility requirements, and lender or funding partner approval. Submitting a request does not guarantee an offer of funding.
Structured Commercial Real Estate Capital
Commercial Real Estate Mezzanine Financing
Explore subordinate debt and structured capital for acquisitions, refinancing, recapitalizations and development projects requiring proceeds beyond a senior mortgage. Commercial requests should generally be $3 million or more.
Capital Between Senior Debt and Equity
Commercial Real Estate Mezzanine Financing
Commercial real estate mezzanine financing provides subordinate capital behind a senior mortgage and ahead of common equity. It can help qualified sponsors complete a capital stack when the senior lender does not provide enough proceeds for an acquisition, refinance, recapitalization or development plan.
Mezzanine financing is commonly secured by a pledge of ownership interests in the property-owning entity rather than a direct mortgage on the real estate. Terms may include current interest, accrued interest, exit fees or participation economics.
Subordinate Property Capital
Mezzanine Loans for Commercial Real Estate
Mezzanine loans supplement a senior mortgage when a transaction requires additional leverage. The mezzanine lender is positioned below the senior lender but above common equity in the capital stack.
The senior lender generally must approve the structure, and an intercreditor agreement may define the rights and remedies of both lenders.
Structured Debt Capital
Mezzanine Debt for Commercial Real Estate
Mezzanine debt can increase total financing proceeds without requiring the sponsor to contribute the entire remaining amount as common equity. It is often used in larger or more complex transactions where senior debt alone does not satisfy the full sources-and-uses requirement.
The combined capital structure must remain supportable by the property's value, cash flow and business plan.
Alternative Capital Providers
Private Mezzanine Lenders for Commercial Real Estate
Private mezzanine lenders may provide customized subordinate capital for transactions requiring greater leverage, flexible terms or faster execution. Capital sources can include private debt funds, real estate credit funds, family offices and institutional investors.
These lenders evaluate the sponsor, property, senior loan, total leverage, projected returns and exit strategy.
Additional Acquisition Capital
Mezzanine Financing for Commercial Property Acquisitions
Acquisition mezzanine financing can bridge the difference between senior loan proceeds and the equity required to close. This may help a sponsor preserve liquidity, complete a larger purchase or allocate capital across multiple investments.
The acquisition must support the combined debt through current or projected property performance and a credible stabilization or exit plan.
Structured Development Capital
Mezzanine Financing for Real Estate Development
Development mezzanine financing can supplement a construction loan when the senior lender requires more sponsor equity than the developer wants to contribute. It may fund eligible acquisition, predevelopment, construction or reserve costs.
Lenders review land value, total project cost, approvals, construction budget, sponsor experience and projected completion value.
Substantial Structured Capital
Large Commercial Real Estate Mezzanine Loans
Large commercial mezzanine loans are intended for substantial acquisitions, portfolios, developments and recapitalizations requiring a customized capital stack. These transactions typically require detailed underwriting, third-party reports and complete senior loan documentation.
The lender evaluates total leverage, downside protection, sponsor support and the probability of a successful refinance or sale.
Qualified Commercial Transactions
$3 Million Commercial Real Estate Mezzanine Financing
A $3 million or larger mezzanine financing request may be appropriate for a substantial acquisition, refinance, recapitalization or development project requiring additional capital above the senior loan.
Ricci Capital Partners focuses on qualified commercial requests of approximately $3 million or more. We do not provide residential mortgages, SBA loans, PPP financing, grants or small consumer loans.
Capital Stack Strategy
When Mezzanine Financing May Be Appropriate
Mezzanine capital may be considered when a transaction requires proceeds beyond the senior mortgage but the sponsor prefers an alternative to contributing additional common equity or selling a larger ownership interest.
Senior Loan Gap
Fill the difference between senior proceeds and total capital required.
Preserve Equity
Reduce the amount of additional common equity required.
Create Value
Fund renovation, lease-up, redevelopment or stabilization.
Restructure Ownership
Support partner buyouts, investor liquidity or recapitalization.
Complete Larger Deals
Supplement senior debt for major acquisitions or developments.
Initial Mezzanine Financing Review
Information Needed for Commercial Mezzanine Financing
A complete package helps lenders evaluate the property, sponsor, senior debt, combined leverage and repayment strategy.
- Property address and type
- Purchase price or current value
- Senior loan and proposed terms
- Requested mezzanine amount
- Sponsor equity contribution
- Detailed sources and uses
- Operating statements and rent roll
- Business plan and timeline
- Sponsor financial statements
- Senior loan documents
- Organizational structure
- Refinance or sale strategy
Request a Mezzanine Financing Review
Discuss Your Commercial Real Estate Capital Stack
Submit the property type, location, total capitalization, senior loan, requested mezzanine amount, sponsor equity, business plan and exit strategy.
Commercial Property Loan Requirements By State
We serve all states across America. Find commercial property loans by state and city. Review localized financing guidance for builders, developers, investors, and commercial property owners seeking construction financing, acquisition loans, bridge funding, mezzanine financing, refinancing, or development capital—with financing options typically ranging from $1 million to $50 million.
Commercial Real Estate Financing Products
Capital Solutions for Acquisitions, Refinancing, Construction and Bridge Needs
Explore financing options for substantial commercial real estate transactions. Ricci Capital Partners focuses on qualified borrowers seeking approximately $3 million or more.
Commercial Real Estate Acquisition Financing
Financing for the purchase of stabilized, transitional, value-add and development-oriented commercial properties. Acquisition structures may be designed for income-producing assets, owner-occupied buildings, commercial land, portfolio transactions and time-sensitive closings.
Explore Acquisition FinancingCommercial Real Estate Refinancing and Recapitalization
Capital solutions for replacing maturing debt, restructuring existing financing, accessing commercial property equity or introducing new capital into an existing asset. Transactions may include conventional refinancing, cash-out proceeds, debt restructuring and equity recapitalization.
Explore Refinancing OptionsCommercial Construction and Development Financing
Financing for ground-up construction, substantial rehabilitation, predevelopment and commercial property development. Capital may support eligible land costs, site work, hard construction costs, approved soft costs, reserves and the transition into permanent financing.
Explore Construction FinancingCommercial Real Estate Bridge Financing
Short-term capital for acquisitions, refinancing, renovations, lease-up, development transitions and other time-sensitive commercial property needs. Bridge financing can help qualified borrowers execute a business plan before permanent debt or a property sale is available.
Explore Bridge FinancingOptions matter: Capital partners range from lenders, banks, Family Offices, Venture Capital, Private Equity in our network
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Average Deal Size. Minimum from $250k to $50M.
Close rate of engaged mandates successfully funded
Every inquiry reviewed within one business day
Provider Comparison
Ricci Capital Partners vs. Other CRE Financing Providers
| Provider | Typical Fit | Key Consideration |
|---|---|---|
| Ricci Capital Partners | CRE investors and sponsors seeking $1M–$50M+ | Partner-led process across debt, mezzanine, preferred equity, and JV equity |
| Traditional Banks | Stabilized, lower-risk assets | Competitive pricing but slower process and tighter requirements |
| Private Credit Funds | Bridge, transitional, or complex assets | Flexible structure but often higher cost |
| Mortgage Brokers | Standard CRE debt | May focus primarily on senior loans |
| Online Loan Marketplaces | Smaller or simpler requests | Limited advisory support for complex capital stacks |
| Family Offices | Flexible real estate capital | Relationship-driven and selective |
