I Manage Tenants - excellent resource for books, tips, articles, and property management software.

Rainier Capital Management, LP Forms New Real Estate Mezzanine Loan Fund

America's Favorite Property Management Software

America's Favorite Property Management Software

The IDEAL software for Owners or Managers of Rental Property. Powerful, yet very easy to use. Includes free support!



*** Our favorite Tenant Management Books ***

Dallas, TX (PRWEB) March 24, 2009 -- Having recently closed their third diversified real estate fund and twenty-fifth real estate private placement, Dallas, TX-based Rainier Capital Management has launched a new $50 million Fund aimed at providing capital to real estate entities that are deleveraging their properties. Provided in the form of mezzanine debt or preferred equity, the Fund will capitalize the gap between maturing 70-80% mortgage levels and replacement 50-65% mortgage levels. With more than $500 billion of commercial mortgage debt maturing through 2011, Rainier estimates the market for new mezzanine capital could be $50 billion or more.

Rainier co-founder Tim Nichols states, "both property owners and lenders have immense pressure to deleverage their real estate assets and our capital will help owners secure refinancing or loan extensions for their projects by paying down principal, building reserves or funding the costs of property-stabilizing tenant and capital improvements."

The Fund will invest in all property types but excludes raw land and development projects. The Fund aims to capitalize positions of $5 million or less per property.

For more information, please visit www.rainiercapital.com/mezzanine.

# # #

This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.

Rate This Article:
I Manage Tenants - excellent resource for books, tips, articles, and property management software.


Home       Site Map            This Site Is For Sale



Privacy Policy | Copyright/Trademark Notification