Structuring a Short-Term Capital Stack on a Value-Add CRE Acquisition (Operator Quest

[D Kimberly]

I’m under contract on a value-add commercial property with strong in-place cash flow and a clear refinance path.

First-position financing is in process, but I’m evaluating different capital stack structures to optimize speed and flexibility at closing.

Specifically, I’m curious how experienced operators here have structured:

• Temporary equity partners vs. preferred equity
• Short-term bridge capital prior to stabilization
• Buy-out provisions post-refinance

For those who’ve executed similar transactions, what structures have you found most efficient and lender-friendly?