Anyone raise JV or preferred equity w/ RealtyShares???

3 Replies

Just curious to know if any fellow investors have gone down this path. Our private equity group is considering the JV/preferred equity structure using Realty Shares with the purpose being that we can access our untapped equity without having to refinance or sell.

Would love to hear about your experiences!

Thanks

@Joey Budka ,

I'm assuming you're talking about a scenario where RealtyShares purchases a preferred equity interest in the company holding the properties.  This is a very common structure that we've used successfully several times.  In practice, it's really not so much different from mezzanine debt.

The preferred equity strategy is a great alternative to debt financing in cases like yours where you already own the property and don't really want to go through the process of refinancing.  

@Adam Bontrager Thanks for the feedback. I met with some of the guys at RS, but their programs don't make as much sense for us since we get cheap hard money relatively easily. 

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