Tag Archives: senior

The Equity Waterfall for a Syndicator

I just wrote an article about my preferred structure for structuring the equity financing with senior equity, preferred equity, and common equity. A syndicator that raises private equity may consider an equity waterfall that is similar to a combination of debt and equity. Treat the senior equity like a 1st lien and the preferred equity […]

The Cost of Delaying Benefits

Why is common sense so rare? I just heard yet another “economics expert” on cable television (a business finance talk show) talking about delaying Social Security benefits to increase the beneficiary’s income. Here are the basic terms: At retirement age of 62, the basic monthly benefit is X. I’ll throw in a number of $500, […]