(To read more on the multifamily market, click here.)
VANCOUVER, BC-Grosvenor is expanding its mezzanine financedivision. The locally headquartered real estate arm of theGrosvenor family says it wants to build its mezzanine financeoperation from $40 million to $150 million over the next fewyears.
Mezzanine finance loans bridge the gap between a developer'sequity, loans from the bank, and the funding needed to enter into aproject. Grosvenor's expanded effort in this arena will focus onresidential developments in San Francisco, Seattle and Vancouver,BC.
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