Equity and Structured Capital
Capital aligned with the ownership plan.
Macallan advises sponsors and owners on third-party equity, subordinate capital and recapitalization solutions for real estate transactions.
Advisory Role
Structure the capital before approaching the market.
Equity requirements are shaped by control, timing, return expectations, downside protection and the intended hold period. We help clients evaluate those tradeoffs, define an executable capitalization and approach appropriate investors with a clear transaction case.
Capital Solutions
Flexible structures for distinct objectives.
Macallan’s role is advisory and placement. We do not represent third-party capital as committed until definitive documentation has been executed.
Joint Venture Equity
Capital partnerships for acquisitions, development, substantial rehabilitation and portfolio strategies where governance and long-term alignment are central to the transaction.
Preferred Equity
Subordinate capital designed around the project’s cash flow, risk profile and exit plan, with careful attention to current pay, accrual, control rights and redemption mechanics.
Mezzanine and Hybrid Capital
Structured capital alternatives for transactions where the gap between senior debt and common equity requires a tailored solution.
Ownership Recapitalizations
Capital solutions for partner transitions, liquidity requirements, maturity pressure, revised business plans and assets requiring additional time or capital.
Placement Process
Investor outreach follows a defined transaction strategy.
Assess
Review the capitalization, business plan, ownership objectives and equity requirement.
Structure
Define economics, governance, downside protections and the investor proposition.
Market
Approach relevant investors and manage a focused, confidential process.
Execute
Compare proposals, coordinate diligence and advance documentation through closing.
Integrated Capitalization
Equity is evaluated alongside the senior financing.
Equity and subordinate capital cannot be assessed in isolation. Macallan evaluates their effect on senior loan sizing, debt service, cash flow priorities, governance, sponsor economics and the long-term refinancing or disposition plan.
Evidence standard: Modeled sources, indications of interest and executed commitments are identified separately so the capitalization reflects what is actually available.
Discuss an Equity Requirement
Start with the capitalization and ownership objective.
We will help determine whether third-party equity or structured capital is appropriate for the transaction.