Important Disclosure. For accredited sponsors and qualified investors. Not a public offer. U.S. jurisdiction focus. Prepared September 2025.
Mezzanine and Unitranche Financing for Commercial Real Estate Sponsors
We arrange and underwrite mezzanine and unitranche loans for U.S. commercial real estate development, acquisitions and recapitalizations. Typical facility size is USD 20M–300M. We connect sponsors to institutional and private-credit lenders that provide mid-stack and one-stop capital when senior debt is insufficient or too slow. We don’t lend directly—we make your deal bankable and move it to funding.
Where We Add Value
Ground-Up Development
Fill the capital gap between equity and construction loan for multifamily, industrial, office or mixed-use projects.
Acquisition & Bridge
Use mezzanine or unitranche funding to win competitive bids or recapitalize transitional assets.
Portfolio Recapitalization
Extract liquidity from stabilized holdings while retaining control and limiting dilution.
Capital Structures We Arrange
Mezzanine Debt
Secured by a pledge of equity interests. Flexible prepayment and intercreditor terms to fit senior lender requirements.
Unitranche Debt
Blends senior and mezzanine into a single facility. One set of documents, one interest rate, faster closing.
Preferred Equity
Structured as equity with fixed returns, often used alongside mezzanine to reach higher leverage.
Hybrid & Stretch Senior
Single-loan execution for acquisitions or heavy repositioning when standard construction loans fall short.
Documentation and Bankability
Core Documents
Appraisal, Phase I, budget, plans, specs, leases, sponsor financials, and entity formation docs.
Controls
Intercreditor agreement, completion guaranties, cash management and reserve requirements built for lender sign-off.
We align with U.S. commercial mortgage-backed securities and private-credit underwriting standards to keep execution smooth.
Indicative Economics
| Structure | Size | Tenor | Typical Pricing | Notes |
|---|---|---|---|---|
| Mezzanine Debt | USD 10M–150M | 3–7 years | SOFR + 6–12% | Often interest-only with exit fee or equity kicker |
| Unitranche Loan | USD 20M–300M | 3–7 years | SOFR + 4.5–9% | One document, simplified closing, single lender group |
| Preferred Equity | USD 5M–100M | Flexible | Fixed return 10–15%+ | Non-recourse beyond pledged equity |
Pricing and leverage depend on asset type, market, sponsor track record, and tenant quality. Third-party costs and bank charges are separate from our fees.
Execution Process
Typical timing: 8–14 weeks to signed term sheet when the project file is ready.
Why Sponsors Choose FG Capital Advisors
Deep U.S. Lender Network
Private-credit funds, insurance companies and debt platforms with real mid-stack appetite.
One-Stop Structuring
From intercreditor negotiation to construction covenants, we deliver lender-ready documents.
Transparent Fees
Non-refundable retainer and success fee on funded amounts. No hidden spreads.
Fast, Candid Feedback
We either get you to a binding term sheet or give a fix list—no endless fishing.
Request Mezzanine or Unitranche Financing
Share your project summary, pro forma and current capital stack. We’ll respond with scope, a checklist and a call slot.
Book a Consultation CallFAQs
Do you lend directly?
No. We arrange and underwrite. Funds and private-credit lenders provide capital.
Minimum deal size?
USD 20M total capitalization, with mid-stack funding needs of at least USD 10M.
Property types?
Multifamily, industrial, office, hospitality, mixed-use and select retail.
Leverage range?
Combined senior and mezzanine or unitranche up to 85–90% of cost depending on market and sponsor strength.
Speed to funding?
8–14 weeks if permits, appraisals and budgets are complete.
Upfront costs?
Our retainer plus third-party costs for legal, appraisal and lender diligence.
Disclaimer. All financing is subject to KYC/AML, underwriting, appraisal and legal documentation. FG Capital Advisors does not guarantee funding. Third-party costs and bank charges are separate from our fees.
