Watch Me Build a Capital Stack with Mezzanine Debt for Real Estate Development

[@adventuresincre]

This was a fun one to do. There are a few other features that would have been nice to add, but I didn't want to over-complicate the build. Those include minimum multiple on the mezz, floating rate on the construction piece, GP-first/LP-second equity draws, and how to integrate this module into a broader development model.

[@tulipsingh7959]

Spencer's videos are so engaging, that I hardly get distracted off to checking other things. Awe-inspiring content.

[@SchoolOfMuscle]

Thank you for this! I'm an accelerator member and I really appreciate all of the work you do!

[@Juanracastel]

I really appreciate your way of explaining all of it, you make so simple, information that is very profesional. Your are incredibly. Keep the good work!!!!

[@xaifax]

you produce the best videos about excel on youtube

[@hammadkhan4600]

Hi Spencer thank you so much for teaching this valuable stuff.

[@MarlonJayManuel]

2nd time watching ur spreadsheet demos... makes me realize I need to learn how to do excel and financial modeling if wanna become a BB.

[@adventuresincre]

Thanks for watching MJ. Yes, Excel is a necessity in finance. While you'll learn all sorts of Excel tricks from our videos, if you're looking for an Excel-specific channel you might check out Leila Gharani - her KZbin for Excel is excellent: kzbin.info/door/JtUOos_MwJa_Ewii-R3cJAfeatured.

[@MarlonJayManuel]

@@adventuresincre appreciate it mate. I'll look into it.

[@ninamikou]

Hi Spencer thanks for the demo! Just a quick question - why there is no principle repayment in the model? Shall we add one more line for principle repayment?

[@vishalpanesar23]

Hey Spencer, I've been confused by this video and another previous video about why you haven't shown the repayment of principal and why isn't that done?

[@sanchita4189]

Thanks you

[@13hhw33]

Thanks for sharing! So is the interest reserve the difference of 12,950,000 and 13,216,014?

[@Nate_Tristan95]

Typically Mezz funding attracts a higher interest rate so would it not be prudent to utilise such facility after the vanilla/construction funding rather than before as illustrated in your video?

[@ryanmcneil5772]

yes

[@Alex-im6yf]

How would this change If the Mezz debt went out as a percentage of with the construction loan? Lets say $100 goes out of the construction loan and thus $10 of the mezzanine would be disbursed.

[@finntearney5296]

:)