Mezzanine Loans in Long Island, NY
Find lenders offering mezzanine loans in the Long Island, including Hempstead, Huntington, Islip, and surrounding areas. Compare rates, terms, and programs from 8 lenders.
Which Mezzanine lenders serve Long Island?
8 lenders offering mezzanine loans in the Long Island, 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.
What does the Long Island commercial real estate market look like?
Long Island's CRE market spans Nassau and Suffolk Counties, serving a suburban population of nearly 2.9 million with distinct commercial corridors along the Long Island Expressway (I-495), the Northern State Parkway, and Route 110 in Melville. The Route 110 corridor in Melville-Huntington is the island's premier office submarket, housing tenants in financial services, insurance, and technology, though the market has seen increasing vacancy as firms consolidate space. Industrial demand has strengthened significantly, with last-mile distribution facilities in high demand across both counties to serve the dense consumer base. The redevelopment of the Nassau Hub area around the former Nassau Coliseum site in Uniondale represents one of the largest mixed-use opportunities in the New York metro area.
Key Economic Drivers
- ●Route 110 corridor office cluster in Melville serving financial services, insurance, and technology tenants
- ●Last-mile logistics demand driven by e-commerce serving Long Island's 2.9 million suburban consumers
- ●Northwell Health, Long Island's largest private employer, generating medical office and ambulatory care facility demand
- ●Nassau Hub redevelopment at the former Coliseum site creating a potential mixed-use destination
Market Insight
Long Island's Industrial Development Agencies (IDAs) in both Nassau and Suffolk Counties offer PILOT agreements that can reduce property tax burdens by 50% or more for qualifying commercial projects, making them a critical underwriting consideration for CRE investors on the island.
How do mezzanine loans work in Long Island, New York?
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 Long Island metro area, borrowers can access 8 lenders offering Mezzanine financing, including Hempstead, Huntington, Islip, 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 Long Island FAQ
How many Mezzanine lenders serve Long Island, NY? ▼
What are Mezzanine loan rates in Long Island? ▼
What is a mezzanine loan in real estate? ▼
How is mezzanine debt different from preferred equity? ▼
Do senior lenders have to approve mezzanine debt? ▼
How small can a mezzanine loan be? ▼
Where else can I find mezzanine loans in New York?
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