How Attractive is the Stretch Senior Loan?

We are in a competitive financing environment, with debt and mezzanine lenders competing for borrowers. As alternative lenders step up their activity this year, the stretch senior loan is a hybrid product that borrowers can turn to.

Stretch senior is a loan provided by a single lender that goes to a higher leverage position with more layers of debt, according to Ari Hirt and Jordan Ray, managing directors of the debt and equity finance group at Mission Capital Advisors, a capital markets solutions firm.

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