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Updated over 6 years ago,
Financing types explained Senior Debt/Mezzanine/Structured
I am applying for a loan on a crowdfunding site (RealityShares to be exact) to finance a home I'm interested in. I want to do a BRRR to the property so the loan will cover the cost of the home along with the rehab costs.
I'm not sure what these financing types entail and the pros and cons of them. Can someone break them down to me, the pros and cons and what situations call for the different types? Please and thanks.
Senior Debt, Mezzanine Debt, Structured Equity, or Both Debt and Equity.