Mezzanine Loans in New York City, NY
Find lenders offering mezzanine loans in the New York City, including Brooklyn, Manhattan, Queens, and surrounding areas. Compare rates, terms, and programs from 8 lenders.
Which Mezzanine lenders serve New York City?
8 lenders offering mezzanine loans in the New York City, 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 New York City commercial real estate market look like?
New York City is the largest and most liquid commercial real estate market in the Western Hemisphere, with Manhattan alone containing approximately 450 million square feet of office space across distinct submarkets including Midtown, Midtown South, and Lower Manhattan. The Hudson Yards development on Manhattan's far west side represents the largest private real estate development in U.S. history and has reshaped the Midtown West office landscape, while the Brooklyn waterfront in DUMBO and Williamsburg has matured into a legitimate alternative office market for technology and creative firms. The outer boroughs, particularly industrial zones in the Bronx, Queens, and Brooklyn, have seen intense competition for last-mile logistics space driven by e-commerce growth. The city's post-pandemic office market has experienced a bifurcation between trophy-class towers with strong occupancy and older Class B and C buildings facing elevated vacancy and conversion pressure.
Key Economic Drivers
- ●Global financial services firms including JPMorgan Chase, Goldman Sachs, and Citigroup anchoring Midtown office demand
- ●Technology sector expansion from Google, Amazon, and Meta across Manhattan and Brooklyn submarkets
- ●Hudson Yards, Manhattan West, and One Vanderbilt representing generational trophy office development
- ●Last-mile logistics demand from e-commerce driving industrial absorption in outer-borough markets
Market Insight
New York City's office-to-residential conversion program, expanded under recent zoning text amendments, has identified over 130 million square feet of office space eligible for conversion, creating a significant adaptive reuse pipeline that could reshape older commercial corridors in Midtown and the Financial District.
How do mezzanine loans work in New York City, 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 New York City metro area, borrowers can access 8 lenders offering Mezzanine financing, including Brooklyn, Manhattan, Queens, 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 New York City FAQ
How many Mezzanine lenders serve New York City, NY? ▼
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What is a mezzanine loan in real estate? ▼
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Do senior lenders have to approve mezzanine debt? ▼
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Where else can I find mezzanine loans in New York?
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