Media Coverage
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
03.24.23
Now facing an intense refinancing setting following pandemic related delays and cost overruns, developers are seeking financial support in preferred equity—or rescue capital—to ensure stalled projects reach completion.
In an interview with The Real Deal, Tax counsel Joshua Becker described the mechanics of a rescue capital investment. Becker notes “[investors are] going to have the certainty of debt and [are] going to get all the benefits of equity,” but also cautions the investment isn’t completely without risk.
“I wouldn’t say the balance of power is entirely in the hands of the rescue capital provider. But there is a reason why they’re in this situation,” he concluded.
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