CAPITAL MARKETS

Parallel’s Capital Markets group has arranged and structured over $2 billion of both equity and debt positions and has direct experience dealing with all levels of the capital stack, including equity, preferred equity, programmatic equity, spot-market joint venture equity, senior secured debt, subordinated notes and mezzanine financing.

The Company leverages its property level returns with prudent, non-recourse financing through the use of primarily first mortgage debt which is structured to give the Company the greatest flexibility so as not to impede a timely exit on any investment.

  • Non-recourse debt structures
  • “Teacup” investments into separate stand-alone special purpose entities
  • Property LLC debt level will be 55-75% of the property’s initial fair market value
  • We work with institutional lenders who understand our local markets and whose integrity matches our own

METHODS OF FINANCE

  • Senior secured debt
  • Convertible debt
  • Construction debt
  • Preferred equity
  • Subordinated notes
  • Mezzanine financing