Comments (8)

Jun 7, 2019

Bump

Jun 8, 2019

Old news, but I day dream about doing these kinds of deals:

https://therealdeal.com/2016/08/24/inside-the-huds...
Anyone have friends/colleagues/contacts at Related that can tell stories of sourcing the Hudson Yards Capital stack?

    • 1
Jun 9, 2019

[deleted]

Jun 8, 2019
Most Helpful
Jun 8, 2019

Worked for a few years in infrastructure development and saw some things I thought weren't possible when I was in RE (I had seen only really basic financing structures) like equity financing (and some really weird things where some equity was financed during construction and then even after construction it would continue to get financed after the project was cash flowing for a few years), debt PMT sculpting to stay right on the edge of min DSCR, etc. Lot of these things required credit insurance.

    • 4
    • 1
Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Jun 10, 2019

Currently working on a pretty interesting deal. I work for a family office doing M&A and we are branching into a new area. Bank will only lend 2.5X. So we are doing 60M cash, 60M in bank debt, 45M seller note; the seller note is interest only for two years, then half amort for another two years, then full amort for 4 years. Then a 7 year earn-out (no more than 25M total).

    • 2
Jun 7, 2019

Is the seller note subordinate to bank debt???
Are you buyers an opco or platform??

Jun 10, 2019
Comment