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INVESTMENT BANKERS

Precision Capital.
Proven Execution.

Structuring and executing equity, debt, and hybrid capital solutions for complex real asset transactions.

OUR APPROACH

Capital solutions built for complexity.

We structure equity, debt, and hybrid financing for sponsors navigating today’s most demanding transactions with the speed, precision, and market access that institutional execution requires.

Speed

Precision

Integration

Execution

WHAT WE DO

Integrated capital solutions across the full project lifecycle.

Our platform connects developers and brokers with the capital markets expertise traditionally reserved for institutional sponsors, creating certainty at every stage of the project lifecycle.

By unifying financing, entitlement strategy, and regulatory advisory, we compress timelines and streamline the path from concept to completion. We operate across multifamily, mixed-use, industrial, hospitality, cannabis, and specialty asset classes.

Debt Placement

Senior, mezzanine, and structured debt solutions with access to 300+ institutional relationships.

Equity Capital

Direct capital, joint ventures, and programmatic equity partnerships for projects of every scale.

C-PACE Financing

Specialized C-PACE solutions that unlock value through energy efficiency improvements.

The Capital Stack

Structured Layers of Risk & Return

Debt
3 tranches
C-PACE Senior Lien Commercial Property Assessed Clean Energy — a tax assessment lien that holds priority above all mortgage positions.
Tax assessment lien with priority above all mortgage debt
  • Property tax assessment — senior to first mortgage
  • Long-term, fixed-rate financing for energy improvements
  • Non-recourse obligation attached to the property
Risk
Return
Senior Debt 50 – 70% LTC Loan-to-Cost — the ratio of total loan amount to the project's total development cost, including land, hard costs, and soft costs.
First mortgage position with priority claim on assets
  • First lien on real property — lowest cost of capital
  • Predictable debt service via fixed or hedged rates
  • Typically requires stabilized cash flow or recourse
Risk
Return
Mezzanine Debt 70 – 85% LTC Loan-to-Cost — subordinate debt that fills the gap between senior financing and equity contribution.
Subordinate financing bridging the gap between senior debt and equity
  • Subordinate to senior lender — intercreditor agreement
  • Higher yield compensates for elevated structural risk
  • Often structured with current pay + accrual or PIK
Risk
Return
Equity
3 tranches
Preferred Equity 85 – 95% LTC Loan-to-Cost — preferred equity sits between mezzanine debt and common equity in the capital structure.
Priority equity position with preferential return before common
  • Priority distribution ahead of common equity
  • Negotiated preferred return — typically 10–15%
  • May include participation in upside beyond pref hurdle
Risk
Return
LP Equity Limited Partner Limited Partners provide the majority of equity capital and receive priority distributions, but have no control over day-to-day operations.
Passive investor capital with priority return before sponsor promote
  • Bulk of equity contribution — passive investment role
  • Priority return (pref hurdle) before sponsor participation
  • Limited liability with no operational decision-making
Risk
Return
GP Equity Sponsor / Promote The General Partner (sponsor) contributes a smaller share of equity but earns a disproportionate promote once LP return hurdles are met.
Sponsor capital — last in, first loss, highest potential return
  • Smallest equity slice — highest risk exposure
  • Earns promoted interest (carry) above LP pref hurdle
  • Full operational control and asset management authority
Risk
Return

Each layer carries a distinct risk-return profile — structured to align capital with investment strategy

“

Macallan Partners was founded on a simple belief: that every transaction deserves institutional-grade execution, regardless of size. We bring the same rigor, speed, and precision to a $5 million deal as others reserve for $500 million.

Laurent Ronald Gray

CEO & Co-Founder

WHY MACALLAN

A different kind of capital partner.

01

Experience

Executed across dozens of transactions spanning multifamily, mixed-use, hospitality, and specialty assets in 24+ U.S. markets.

02

Integration

Capital structuring integrated with entitlement strategy, regulatory advisory, and execution sequencing—before capital is pursued.

03

Execution

Mandates engineered for certainty; aligned capital stacks, disciplined diligence, and repeatable closes.

Our National Presence

Macallan operates across key real estate markets with active mandates and partners nationwide.

  • Projects in 24+ markets
  • 300+ institutional relationships
  • Debt, equity, and C-PACE placements nationwide
  • full-stack capital advisory platform

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