Mezzanine Loans in Albany, NY
Find lenders offering mezzanine loans in the Albany, including Schenectady, Troy, Saratoga Springs, and surrounding areas. Compare rates, terms, and programs from 8 lenders.
Mezzanine Lenders Serving Albany
8 lenders offering mezzanine loans in the Albany, NY area.
Acore Capital
LocalNew York, NY
Commercial real estate finance company providing bridge, mezzanine, and preferred equity. $20B+ in originations. Institutional-quality deals.
Goldman Sachs
LocalNew York, NY
Major CMBS conduit originator. Large-scale commercial mortgage financing and mezzanine debt.
Greystone
LocalNew York, NY
Full-service commercial real estate lending platform. Agency, bridge, mezzanine, and permanent financing. Top Freddie Mac and FHA lender.
Morgan Stanley
LocalNew York, NY
Top CMBS originator. Large commercial real estate lending and securitization.
CBRE Capital Markets
Dallas, TX
Global CRE services and capital markets. Arranges debt and equity for all commercial property types.
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.
Walker & Dunlop
Bethesda, MD
Major commercial real estate finance company. Multifamily specialist. Agency, bridge, and mezzanine lending.
Albany Commercial Real Estate Market
Albany's CRE market benefits from the stability of New York State government employment and a growing technology sector centered on the Albany Nanotech Complex at SUNY Polytechnic Institute, which is one of the world's most advanced semiconductor research facilities. The downtown State Street corridor and adjacent warehouse district have seen mixed-use conversion activity, though government office demand remains the primary driver of the CBD. The suburban office and retail markets along the I-87/Northway corridor through Colonie and Clifton Park have captured private-sector growth, while Saratoga Springs to the north has developed into a premium submarket for hospitality and high-end retail. The Capital Region's cost of living remains significantly below New York City, attracting remote workers and small businesses to Troy's revitalizing downtown and Schenectady's innovation corridor near GE's legacy research campus.
Key Economic Drivers
- ●New York State government operations employing tens of thousands in the Capitol district and surrounding office complexes
- ●Albany Nanotech Complex at SUNY Poly attracting GlobalFoundries, IBM, and semiconductor R&D tenants
- ●Albany Medical Center and St. Peter's Health Partners generating regional healthcare CRE demand
- ●GlobalFoundries' Fab 8 semiconductor fabrication plant in nearby Malta driving workforce housing and commercial demand
Market Insight
The Albany Nanotech Complex has attracted over $20 billion in public and private investment for semiconductor research and manufacturing, positioning the Capital Region as a key node in the U.S. CHIPS Act-driven semiconductor supply chain buildout.
Mezzanine Loans in Albany, New York
Mezzanine financing sits between senior debt and equity in the capital stack. It allows borrowers to increase leverage beyond what a first mortgage provides, reducing the equity needed for a deal. Secured by a pledge of the borrower's ownership interest rather than a lien on the property. In the Albany metro area, borrowers can access 8 lenders offering Mezzanine financing, including Schenectady, Troy, Saratoga Springs, and surrounding areas. Loan amounts typically range from $1M to $100M with rates from 10% - 18%.
Who Should Consider Mezzanine Loans?
- Reducing equity requirement
- Large acquisitions
- Development projects
- Recapitalizations
Key Requirements
- Strong sponsor track record
- Viable business plan
- Senior lender approval for subordinate debt
- Adequate debt service coverage for total debt
Advantages
- ✓Reduce equity needed
- ✓No lien on property (pledge of ownership)
- ✓Flexible structures
- ✓Can be interest-only
Considerations
- •High interest rates
- •Subordinate position = higher risk
- •Requires senior lender approval
- •Complex documentation
Mezzanine Loans in Other New York Cities
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