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 |
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Disclaimer: Nothing in this website is a solicitation or offer to buy any security or service offering of any 29th Street Capital affiliated entity and nothing in this website should be deemed or interpreted to the contrary. In addition, nothing in this website is, or should be deemed or interpreted to constitute, a recommendation to purchase any security or to otherwise participate in any offering of securities. Furthermore, nothing in this website constitutes, or should be deemed or interpreted to constitute, investment advice or any recommended investment strategy. No 29th Street Capital affiliated entity provides investment advice, and its investors are solely responsible for determining whether any particular investment is appropriate under their financial objectives and circumstances.