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Deal Description
Kay Finance secured a preferred equity check for this transaction for a US based private equity firm. The deal had enough inplace cash flow to support the preferred return as well as was an advantageous structure for the sponsor who anticipates a significant IRR return once the value add strategy is complete. This was on the sponsor's first deals and was crucial for them to have a partner they can rely on to ensure they will close on the transaction.
Property Location
OKC, OK
Quick Stats
Partner Type
Preferred Equity
Program Type
Acquisition
Program details
- Last dollar at 90% LTC
- 15% preferred return
- No additional IRR hurdles
- Closed in under 50 days
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