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To: GraceZ who wrote (150752)9/26/2008 4:32:47 PM
From: gladmanRead Replies (1) | Respond to of 306849
 
>>mezzanine<<

similar to the hotel floor between the main floor and the second floor

mezzanine financing is the layer of capital between the first mortgage and borrowers equity.

my firm has a fund that provides mezzanine deals, the lender receives higher current cash flow and lower risk position in return for no equity upside.