Dorado provides registered first mortgage funding where there are attributes to the loan that may prohibit it conforming with covenants required by traditional banks.
View First Mortgage Case StudiesMezzanine debt ranks behind the senior bank and is subordinated to the bank’s position. The facility incurs an interest cost, usually not linked to the profitability of the project, though if structured as a participating mortgage it has both an interest and profit-share component.
View Mezzanine Debt Case StudiesSometimes referred to as structured equity the key attribute is that the repayment of capital occurs in advance of and in priority to the repayment of ordinary equity. There is no registered mortgage on preferred equity.
View Preferred/Structured Equity Case Studies