@Andrew Syrios's example of a pari passu capital call is the most straightforward and typical approach but with it, there is an inherit issue and that issue is valuations.

@Mike H.check out triple net leasing as to the mechanics of why almost 100% of hospitality and commercial properties are triple net leased.The main reason people NNN lease their property/s to businesses is because they want to own passive investments not actively manage another business.Very few if any investors manage the Hilton hotel property they own. 

Is this the last $5mm, or is it being invested pari passu with the common equity and being used as a "bridge loan" until they can complete raise?

If the landowner throws in the land and you get another investor to fund the construction you would value each portion on their side of the 50% pari passu and split all cash and sale proceeds accordingly along the same lines.If landowner puts up land and cash go 50-50 model.

1-4 units the floor rate I have recently is 6.5% for 30 year fixed residential. good credit, ratios, etc factor in but par is landing around 7.25%-7.5% without buying it down.

So, is this a sign of fewer people coming to Hilton Head or a broader reflection of the economy?

If you're keeping an eye on the U.S. housing market, you've probably noticed some pretty interesting shifts happening lately. The National Association of REALTORS® (NAR) just dropped some numbers, and guess what? The ...

I remember the reports of the first cases coming out from Wuhan in December of 2019 ,and obviously since everyone knows there are only 4 comprehensive bio safety level four laboratories on the planet, Moscow, Paris, Fort Detrick-Maryland and of course Wuhan Institute of Virology, and given that there are over 100,000 small town with wet meat markets throughout China, one doesn't even have to ask the question "what are the odds?"

This deal, valued at over €200 million, positions TPG to take advantage of Ireland’s robust housing demand, especially in the greater Dublin area where Quintain’s land bank could produce up to 7,700 new units.France: Quick Office Lease-Up at Paris Mixed-Use ComplexIn France, the office component of the Emblem complex near Paris is quickly filling up.

It is the difference between a Hilton and a motel 6.