Diving into Small and Middle Market Preferred Equity with Eli Moghavem and Michael Bastan

In this episode of Real Talk, I speak with Base Equities Co-Founders Eli Moghavem and Michael Bastan. Base Equities provides small balance ($1-5 million) preferred equity investments to established sponsors in multifamily and commercial assets in the United States.

We discuss:

* Dissecting the supply-demand imbalance in the small to middle market of preferred equity

* The key metric in evaluating deals from a lender’s perspective

* 90% of “cash in” refinancings are not actionable