Boomerang Capital Partners  
Welcome 02.22.12
  
   
   
Boomerang mezzanine debt is typically used by developers who want to retain 100% ownership in exchange for higher yeilding debt secured by their equity.
  
 
   
 

Some of the characteristics of our mezzanine debt financing include:

  • 90% loan-to-cost mezzanine finance rates (recourse and non-course)
  • Secured by an assignment of 100% of the borrower’s interest in the project
  • Subordination to conventional debt, suitable for shorter term projects
  • Typically used where there is significant value creation opportunity
  • Current fixed interest rate often with an accrual feature and exit fees
  • Target IRR/hurdle rate determined on a project-by-project basis
 
  
 
 		              
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