{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Commercial Real Estate Capital Stack First Mortgages, Mezzanine Loans &amp; Junior Debt Explained","description":" Trying to understand first mortgages, mezzanine loans, junior mortgages, and the capital stack in commercial real estate? Think of the capital stack as the mix of debt and equity used to finance a commercial property purchase or development.   For example, on a $5 million commercial project, a bank may not finance the entire amount \u2014 especially on higher-risk projects with limited leases, construction timelines, or uncertain cash flow. In many cases:   \u2714\ufe0f First Mortgage \u2013 Usually the primary loan, often provided by a bank, with first priority on the property.   \u2714\ufe0f Mezzanine Loan \/ Junior Debt \u2013 Additional financing used when the first mortgage does not cover enough of the purchase or development cost. These typically carry higher risk and often higher interest rates.   \u2714\ufe0f Equity \u2013 The owner's or investor's cash contribution into the project. Understanding how financing layers work is an important concept in commercial real estate and mortgage education.   #AlbertaRealEstate #AlbertaRealEstateSchool #CommercialRealEstate #CapitalStack #CommercialMortgage  ","author_name":"Alberta Real Estate Tutor","author_url":"http:\/\/albertarealestateschool.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/41793050\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/41793050"}