Mezzanine Financing
Subordinated capital behind senior debt to complete the stack without over-issuing common equity.
Mezz loans or pref-like structures; negotiated intercreditor terms with the senior lender.
Cash or PIK interest; targeted covenants; security via equity pledge or controlled cash flow.
Fits acquisitions, recapitalizations, and developments with a defined take-out.
When the senior loan isn’t quite enough, NYA mezz fills the gap cleanly.