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Capital Advisory
Independent advice on the right capital stack, weighing equity, debt and hybrid structures against the business plan and your objectives.
MurivestUnited States
The right capital, on the right terms, in the right order.
Murivest advises sponsors, owners and investors on the capital behind US commercial real estate and multifamily: structuring the stack, coordinating equity and debt providers, and recapitalizing assets for their next phase. Independent advice. Licensed execution.
Capital Services
One conversation across the full capital stack.
Capital is not a single product. We organize each mandate around the structure that fits the asset and the sponsor, from pure advice to introduction, equity, debt and recapitalization.
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Capital Introduction
Introductions to a curated set of equity and debt providers matched to the mandate, made through appropriately licensed professionals where the law requires.
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Equity Financing
Joint-venture and preferred-equity strategy for acquisitions, development and recapitalizations across the risk spectrum.
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Debt Financing
Agency, bank, bridge and structured debt strategy, matched to the asset, the business plan and the return profile. Placement is coordinated with licensed lenders and mortgage professionals.
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Recapitalization
Restructuring ownership and the capital stack to unlock value, manage a maturity or reposition an asset for its next phase.
The Capital Stack
Four layers. Four different risks.
Every real estate transaction is financed by a stack of capital ordered by repayment priority. Choosing the wrong layer, or the wrong proportion, can turn a sound asset into a poor investment.
We test the stack against the underwriting. Leverage is sized to the asset’s cash flow and the downside case, not to the maximum a lender will offer.
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Senior Debt
First-lien financing secured by the property. It carries the lowest cost of capital and the strictest covenants. For stabilised apartments, agency lenders are often the deepest source.
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Mezzanine & Preferred Equity
Capital that sits behind senior debt and ahead of common equity. It raises leverage at a higher cost and brings its own intercreditor and control terms.
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Joint-Venture Equity
A partner funds most of the equity and shares returns with the sponsor, typically with a promote above a preferred return. Alignment and control rights decide the outcome.
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Sponsor Equity
The first-loss capital of the operator or owner. Lenders and partners read its size and structure as the clearest signal of conviction.
Structure decided late is structure decided by the lender. Decide it first.
Discuss a Capital MandateOur Principles
Capital advice without a balance sheet to push.
Because we do not lend or invest our own capital, our only incentive is the quality of the structure and the fit of the source.
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Independent Structure Advice
We have no balance sheet to deploy and no product menu. The recommendation follows the asset and your objectives.
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Mandate-Matched Introductions
Providers are selected for fit with the mandate, not drawn from a generic distribution list.
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Diligence Readiness
Model, materials and narrative are prepared to the standard institutional capital expects, shortening the path from introduction to close.
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Aligned and Conflict-Free
We do not lend, invest or carry proprietary positions. Our role is to represent your interests in the capital conversation.
Who We Advise
Sponsors and investors across the capital spectrum.
We advise both those seeking capital and those deploying it, so that the structure serves the underlying real estate strategy.
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Operating Partners & Sponsors
Operators and developers seeking joint-venture equity, preferred equity or debt for acquisitions, development and recapitalizations.
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Institutional Investors
Allocators weighing co-investment, joint-venture or direct positions who want independent structuring support.
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Owners & Family Offices
Direct owners exploring recapitalization or structured capital to unlock value without a full sale.
Connected Advisory
Capital is the bridge between acquisition and disposition.
Every capital decision shapes the return on both sides of a transaction. We keep acquisition and exit advice aligned so the structure is built with the full lifecycle in view.
Institutional Enquiries
Capital Advisory: Frequently Asked Questions
Direct answers on structure, financing and what we do not do.
What is a capital stack in real estate?
The capital stack is the combination of financing used to fund a property, ordered by priority of repayment: senior debt first, then mezzanine debt or preferred equity, then joint-venture and sponsor common equity. Lower layers cost less but carry stricter covenants. Higher layers cost more and absorb losses first.
Does Murivest lend or invest its own capital?
No. Murivest does not lend, invest, pool capital or carry proprietary positions. It advises on structure and coordinates with qualified capital providers, which keeps its advice independent of any product.
Is Murivest a placement agent, mortgage broker or broker-dealer?
No. Where a debt placement or a securities offering is involved, appropriately licensed lenders, mortgage professionals or broker-dealers perform the regulated function alongside Murivest.
What financing is available for US multifamily acquisitions?
Stabilised apartment communities can often be financed through agency lenders such as Fannie Mae and Freddie Mac, banks and life companies. Transitional or value-add assets typically use bridge or other structured debt. The right structure depends on the business plan, leverage target and hold period.
When does recapitalization make sense?
Typically when a loan is approaching maturity, when an owner wants to release equity without selling, when a business plan needs fresh capital, or when partners need to be realigned. Each case is assessed against the asset’s underwriting.
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Important Notice
Murivest provides advisory services and is not a tax adviser, securities broker, broker-dealer, placement agent, mortgage broker, lender or licensed US real estate broker. It does not lend, invest or pool capital. Regulated activities are performed by appropriately licensed professionals. This page is general information and not tax, legal, financial or investment advice, and nothing here is an offer or solicitation of any security or loan.
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Engage Murivest
Good assets are lost to bad structures. Start with the structure.
Tell us the asset, the business plan and the outcome you need. We will advise on the structure and define the scope in writing before any work begins.