Recapitalization
We price all five paths before an owner commits to one — then originate the debt and advise the process.
A new senior loan sized to today’s value, coverage, and debt-yield constraints.
Stable NOI, sufficient sponsor cash for any shortfall, and a credible operating history.
Run a competitive senior process and compare every term against the incumbent’s extension.
Combine appropriately sized senior debt with a preferred-equity or JV component.
A business plan whose stabilized value supports the combined basis and a clear path to takeout.
We originate and structure the debt. The preferred-equity or JV component is introduced to registered third-party capital providers.
Use a 24–36 month transitional loan to complete lease-up, capital work, or a tenant transition.
Measurable milestones, adequate reserves, and a credible permanent-financing exit.
Match the asset to bridge lenders who understand the specific transition and underwrite the takeout.
Negotiate time, terms, or a payoff with the current lender while preserving alternatives.
Early, complete disclosure and an executable source of repayment or replacement capital.
Benchmark the incumbent’s proposal against market alternatives and document the owner’s decision.
Sell on a timeline designed to protect value rather than react to an enforcement calendar.
Realistic pricing, control of the process, and enough runway for buyers to secure financing.
Size buyer debt, clarify payoff mechanics, and keep a financing track available while the asset is marketed.
Illustrative example
| Loan payoff | $26.5M |
| Value at a 7.25% cap | ≈ $29.7M |
| Maximum senior at 65% LTV / 1.25x DSCR / 9.5% debt yield | ≈ $19.3M |
| Total uses including capital plan | ≈ $30.2M |
| Capital gap | ≈ $9.4M |
| Combined coverage / leverage on stabilized value | 1.04x / 70% |
Illustrative only — run your numbers in the Capital Gap Calculator. Figures are examples, not quotes or terms.
Relationship credit and stabilized or lightly transitional assets.
Stabilized multifamily when program rules and timing fit.
Durable income, lower leverage, and longer fixed terms.
Transitional assets requiring speed, flexibility, or future funding.
Larger stabilized assets where non-recourse execution outweighs flexibility.
When an operating business occupies enough of the real estate.
An origination fee of 0.65–1.0% at closing, stated in writing before any lender is contacted. Complex situations may require a $15,000–$25,000 advisory retainer, credited in full at closing. Figures are illustrative ranges, not financing terms.
No. Any preferred or JV equity component is arranged through registered third parties; Hayford Financial provides debt origination and advisory services only.
Price the extension against the market first. The comparison shows the true cost of time, covenants, paydown, and optionality.
Virginia generally permits non-judicial foreclosure. Once a loan is accelerated and required notices are complete, the timeline can be measured in weeks. Counsel should advise on any specific case.
Three numbers: trailing NOI, current payoff, and current rate.
