What is mezzanine financing?
Capital between senior debt and common equity used to fill a funding gap, secured by a pledge of equity interests and priced higher (often low- to mid-teens) than senior debt.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.