Mezzanine Loans in Lexington, KY
Find lenders offering mezzanine loans in the Lexington, including Georgetown, Richmond, Nicholasville, and surrounding areas. Compare rates, terms, and programs from 8 lenders.
Which Mezzanine lenders serve Lexington?
8 lenders offering mezzanine loans in the Lexington, KY area.
Acore Capital
New York, NY
Commercial real estate finance company providing bridge, mezzanine, and preferred equity. $20B+ in originations. Institutional-quality deals.
CBRE Capital Markets
Dallas, TX
Global CRE services and capital markets. Arranges debt and equity for all commercial property types.
Goldman Sachs
New York, NY
Major CMBS conduit originator. Large-scale commercial mortgage financing and mezzanine debt.
Greystone
New York, NY
Full-service commercial real estate lending platform. Agency, bridge, mezzanine, and permanent financing. Top Freddie Mac and FHA lender.
JLL Capital Markets
Chicago, IL
Global commercial real estate services firm. Debt placement, equity advisory, and investment sales across all property types.
LoanCore Capital
Hartford, CT
Transitional commercial real estate lender. Bridge and mezzanine debt for value-add and repositioning strategies.
Morgan Stanley
New York, NY
Top CMBS originator. Large commercial real estate lending and securitization.
Walker & Dunlop
Bethesda, MD
Major commercial real estate finance company. Multifamily specialist. Agency, bridge, and mezzanine lending.
What does the Lexington commercial real estate market look like?
Lexington's commercial real estate market is shaped by the University of Kentucky — the city's largest employer with over 14,000 workers — and a burgeoning healthcare, technology, and equine industry base. The Nicholasville Road and Man o' War Boulevard corridors form the primary suburban retail and office zones, while the downtown Distillery District and West Sixth Street area have attracted adaptive reuse projects and boutique offices. Lexington's Urban Service Boundary, a growth management tool that restricts outward sprawl to protect surrounding horse farm land, creates tighter supply constraints than peer-sized cities and channels development intensity into existing corridors. The equine industry, centered on Keeneland and the surrounding thoroughbred farms, generates a unique hospitality and agri-business CRE niche.
Key Economic Drivers
- ●University of Kentucky and UK HealthCare medical campus expansion
- ●Toyota Motor Manufacturing Kentucky plant in Georgetown (metro's largest manufacturer)
- ●Lexington's Urban Service Boundary creating infill development pressure
- ●Keeneland and thoroughbred industry driving equine-adjacent hospitality and agribusiness CRE
Market Insight
Lexington's Urban Service Boundary has not been significantly expanded since 1996, constraining greenfield commercial development and pushing cap rates lower for existing properties within the boundary — infill and redevelopment sites command premium pricing compared to similar-sized metros without growth controls.
How do mezzanine loans work in Lexington, Kentucky?
Mezzanine loans are subordinate real estate loans secured by a pledge of the borrower's ownership interests rather than a mortgage lien on the property itself. Borrowers use them when the senior lender's proceeds stop short and they want to reduce the common equity check. In the Lexington metro area, borrowers can access 8 lenders offering Mezzanine financing, including Georgetown, Richmond, Nicholasville, and surrounding areas. Loan amounts typically range from $1M to $100M with rates from 6.75% - 11.97%.
Who should consider mezzanine loans?
- Large acquisitions with a capital gap
- Recapitalizations
- Senior-loan executions that stop short on proceeds
- Experienced sponsors managing intercreditor terms
What are the key requirements?
- Usually at least a $1M capital need
- Strong sponsor track record and exit plan
- Senior lender consent plus an intercreditor agreement
- Debt service and leverage that still work for the full stack
Advantages
- ✓Can reduce the common equity check
- ✓Usually no direct property lien
- ✓Often structured interest-only
- ✓Can add proceeds above a senior mortgage
Considerations
- •Usually the priciest layer in the stack
- •Senior lender approval is typically required
- •Intercreditor terms can limit remedies
- •Often not a fit for small-balance deals
Mezzanine Loans in Lexington FAQ
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