Reposition an asset
Evaluate capital needs around renovations, tenant improvements, operational upgrades, or a business plan that can increase an asset’s utility.
- LOAN PORTAL
Levine Capital Markets · Preferred Equity
Preferred equity is subordinate capital behind senior financing, subject to deal review through Levine Capital Markets. It is not a standard cash-out refinance. Senior-lender restrictions and any required consent are reviewed.
Preferred equity, reviewed deal by deal
Levine Capital Markets reviews the asset, existing financing, cash flow, and intended use of capital to assess whether a preferred equity structure may fit.
Where the conversation can begin
A capital review should make the next move clearer—not add another generic promise. Here are common starting points for a trapped-liquidity conversation.
Evaluate capital needs around renovations, tenant improvements, operational upgrades, or a business plan that can increase an asset’s utility.
Explore whether available cash flow and operating performance support a more resilient plan for working capital, reserves, or planned expenses.
Assess how current assets and an established operating history may fit into a broader acquisition, portfolio, or growth conversation.
Review existing debt, timing, collateral, and project priorities before considering a structured path forward.
How the review works
Bring the asset or business, current debt, cash flow, ownership context, and the decision you are trying to make.
We consider the information, open questions, and possible capital conversations that fit the scenario.
When a path makes sense, we identify the information, diligence, and process needed to move the conversation forward.
This program is educational and consultative. It is not a commitment to lend, an offer of securities, legal advice, tax advice, or investment advice. Any financing or capital relationship is subject to diligence, documentation, availability, applicable requirements, and mutually acceptable terms.
Scenario worksheet
Use this local worksheet to organize a single asset, a portfolio, or documented sponsor-fee cash flow before a capital conversation. It performs illustrative arithmetic only; it does not submit, save, or send your information.
Switching scenarios clears the displayed calculation until you calculate the active scenario.
Only completed scenarios show results; blank inputs are never treated as zero.
Current estimated as-is value less total current debt.
Total current debt ÷ current estimated as-is value.
(Current debt + requested new capital) ÷ current estimated as-is value.
Monthly collected income less operating expenses excluding debt.
Monthly NOI less existing monthly debt service; no future debt service included.
Monthly cash after existing debt only × 12.
Monthly gross sponsor fees less fee-related costs and associated existing debt service.
Net monthly fees × remaining contracted months. This can be negative.
Shown for review context only; it is not an eligible funding amount.
Keep the distinction clear: sponsor fees are not asset equity. This calculation does not represent partner terms, a transfer, an offer, or a funding amount.
Important: This is local illustrative arithmetic, not a financing offer, valuation, approval, commitment, or funding limit. Requested new capital excludes origination and closing costs and future debt service. Covenants, encumbrances, title, and cash flow are reviewed by humans. Results are not saved, submitted, or sent from this page.
In the Quick Quote, choose Levine Capital Markets, then Preferred Equity.
A clearer capital conversation
BORROWER QUESTIONS
Every asset and capital stack is different. These answers explain the questions we review first; they are not a commitment to lend or an approval.
It describes value, equity, cash flow, or borrowing capacity that may be tied up in an existing asset or capital structure. Levine Capital reviews whether that position can support a practical next step while preserving a clear view of risk, timing, and the full capital stack. Preferred equity inquiries are reviewed through Levine Capital Markets.
Yes. A review can begin with stabilized real estate, commercial property, or other income-producing assets. The relevant question is not simply asset value—it is the operating picture, existing obligations, sponsorship, and the intended use of proceeds.
Portfolio, development, equipment, and specialty-asset scenarios can be evaluated case by case. Clear asset-level information, current debt, timelines, and an execution plan help determine whether a lender-ready structure may be available.
Not necessarily. A refinance may be one path, but a review can also consider bridge, structured, acquisition, or recapitalization alternatives. The suitable path depends on the borrower’s objectives, the asset, the existing financing, and underwriting.
Start with the asset type and location, current ownership and debt, a high-level operating or rent picture, the amount and use of capital requested, and the timing of the opportunity. Additional documentation may be required during underwriting.
Use the Quick Quote to share the scenario, or book a call if the opportunity needs a strategic conversation first. Our team will review the information and discuss the next useful step. All terms, proceeds, pricing, and eligibility are subject to underwriting.
Bring the story behind the asset, your capital question, and the decision in front of you. We’ll help determine the most useful next conversation.