Preferred Equity
Agency Compliant Preferred Equity
29th Street Finance provides preferred equity to existing multifamily assets with well-established sponsors. Since 2009, 29th Street has managed, invested in, and acquired over $5.1 Billion of multifamily assets across the United States.
29th Street Benefits:
• Ability to write small checks overlooked by other platforms
• Streamlined borrower friendly legal process
• Fast closings
• Well established senior lender relationships
• Local experts in every market and management team with 100+ years experience
| Investment size | $3,000,000 to $15,000,000 |
| Vintage | 1990s and Newer |
| Uses | Acquisition, Refinance, Value-Add |
| Leverage | Up to 85% LTC |
| Closing Period | 3 to 4 Weeks |
| Term | 18 to 60 Months |
| Rates | 4% to 8% Current / 12% to 15% All-In |
| Markets | Sun Belt, Mid West and Mountain West |
| Origination Fees | 1% to 2% |
| Minimum Interest | 18 months |
Agency Compliant Preferred Equity
29th Street provides preferred equity to existing multifamily assets with well-established sponsors.
29th Street Benefits:
- Ability to write small checks overlooked by other platforms
- Streamlined borrower friendly legal process
- Fast closings
- Well established senior lender relationships
- Local experts in every market and management team with 100+ years experience
| Investment size | $3,000,000 to $15,000,000 |
| Vintage | 1990s and Newer |
| Uses | Acquisition, Refinance, Value-Add |
| Leverage | Up to 85% LTC |
| Closing Period | 3 to 4 Weeks |
| Term | 18 to 60 Months |
| Rates | 4% to 8% Current / 12% to 15% All-In |
| Markets | Sun Belt, Mid West and Mountain West |
| Origination Fees | 1% to 2% |
| Minimum Interest | 18 months |