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CAPITAL AND STRATEGIC ADVISORY

Capital for Complex
Transactions.

Macallan provides debt placement, equity solutions and strategic advisory across real estate and select operating businesses.

OUR APPROACH

Independent advice. Focused execution.

We advise sponsors, owners and businesses through acquisitions, refinancings, recapitalizations, transitional situations, development and strategic transactions. We structure the capital, identify the right counterparties and manage execution through closing.

Speed

Precision

Integration

Execution

CORE CAPABILITIES

Capital aligned with the transaction.

Macallan evaluates structure, timing, collateral, ownership and operating performance together. We develop a clear capitalization strategy and run a disciplined process with lenders, investors and strategic counterparties.

Debt Placement

Senior, bridge, construction, transitional and permanent financing for acquisitions, refinancings and development.

Equity and Structured Capital

Joint venture equity, preferred equity, mezzanine capital and recapitalization solutions structured around each transaction.

M&A and Strategic Advisory

Buy-side and sell-side advisory, strategic alternatives and recapitalizations for real estate and select operating businesses.

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
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
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
2 tranches
Preferred Equity
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
Common Equity
Residual ownership — subordinate to all other positions with unlimited upside
  • Last claim on cash flow — absorbs first losses in the stack
  • Distributions only after all debt service and preferred returns are satisfied
  • Unlimited participation in project upside beyond senior obligations
Risk
Return

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

“

Macallan was built to give complex transactions senior attention, rigorous preparation and clear accountability from initial evaluation through closing.

Laurent Ronald Gray

CEO & Co-Founder

WHY MACALLAN

Senior attention. Integrated thinking. Disciplined execution.

01

Experience

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

02

We evaluate financing, ownership, timing and execution requirements together before approaching the market.

03

Clear positioning, disciplined diligence and active coordination through closing.

Specialized Finance

Specialized financing capabilities support the broader advisory platform when a transaction requires agency, public or structured capital.

  • Acquisition, refinancing and development financing
  • Preferred equity, mezzanine and joint venture capital
  • Construction-to-HUD takeout advisory through approved MAP lenders
  • M&A and strategic transaction advisory

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