Mezzanine Lender

searcher profile

January 11, 2022

by a searcher from University of California, Santa Barbara in Seattle, WA, USA

Hi All -

I was wondering if anyone could recommend a Mezzanine Lender for a deal I'm looking to close. I'm looking for $1mm on a business that's doing $1.25mm EBITDA however obtaining senior debt is proving to be a bit tricky given my team doesn't qualify for an SBA loan and the company is too small for a traditional NR loan.

Any help would be greatly appreciated.

Thanks!

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commentor profile
Reply by a searcher
from University of Texas at Austin in Sioux Falls, SD, USA
Think outside the box: talk to any independent RIAs in your city that handle high net worth investors. It is often the case that those investors are looking for direct private debt opportunities in the $1MM to $3MM range. If they are in your city they will have a lower risk estimate on your venture than someone from outside. Also search out loan brokers in your area. Stay local. The cost of underwriting for anyone outside your area for that size loan is just too high.
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Reply by a searcher
from Butler University in Indianapolis, IN, USA
I don’t have any first hand experience but I heard that NorthCreek Mezzanine in Cincinnati can go down to $1 M check size. Might be worth a try.
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