Useful Ideas To Consider On Rudimentary Mezzanine Finance Plans

The co-managers are Janney Montgomery Scott LLC and Oppenheimer & Co. Inc. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated September 21, 2015, and accompanying prospectus, dated June 4, 2015, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152-4077, or by calling (800) 326-5897, or by email: cmclientsupport@wellsfargo.com ; or Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, or by calling (866) 471-2526, sending a request via facsimile at (212) 902-9316, or by email: prospectus-ny@ny.email.gs.com ; or Morgan Stanley & Co.

We recommend providing mezzanine finance to those borrowers whose interests are aligned with those of the mezzanine provider and the first mortgage lender. One characteristics does not vary across deals: the importance of understanding and underwriting risk. The owner/sponsor has significantly less overall control over the project and may lose all control if the property does not perform as expected. The number of potential capital sources creates competitive bidding situations that drive down returns. Extending a mezzanine loan to allow a borrower to cash out of a stabilized property is not recommended as a strategy. The financial experts at FCC have a wide experience in the facilitation and structuring of mezzanine finance. More During the past 25 years, the alternative lending landscape for commercial real estate has evolved from a handful of qualified entities to a wide range of individuals and institutions vying for today’s situational opportunities....