Mezzanine Loans in Springfield, MA
Find lenders offering mezzanine loans in the Springfield, including Holyoke, Chicopee, Westfield, and surrounding areas. Compare rates, terms, and programs from 8 lenders.
Which Mezzanine lenders serve Springfield?
8 lenders offering mezzanine loans in the Springfield, MA 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 Springfield commercial real estate market look like?
Springfield is western Massachusetts' largest city and the economic anchor of the Pioneer Valley, with a commercial real estate market shaped by healthcare, education, and legacy manufacturing infrastructure. The Metro Center neighborhood has benefited from the MGM Springfield casino resort, which opened in 2018 and has driven adjacent hospitality and retail investment along Main Street and State Street. The Baystate Health campus, one of the state's largest employers, generates steady medical office demand in the Mason Square and North End areas. Industrial stock along the I-91 corridor and the Connecticut River rail lines serves distribution and light manufacturing tenants at rents well below eastern Massachusetts.
Key Economic Drivers
- ●Baystate Health medical campus and its $300 million expansion plans
- ●MGM Springfield casino resort and its catalytic effect on downtown hospitality and retail
- ●Smith & Wesson and precision manufacturing operations in the greater Springfield area
- ●University corridor including Springfield College, Western New England University, and American International College
Market Insight
Springfield is designated as both a Gateway City and a HUD Promise Zone, giving CRE investors access to stacked federal and state incentive programs including enhanced Historic Tax Credits and Opportunity Zone benefits across much of the downtown core.
How do mezzanine loans work in Springfield, Massachusetts?
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 Springfield metro area, borrowers can access 8 lenders offering Mezzanine financing, including Holyoke, Chicopee, Westfield, 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 Springfield FAQ
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