🚨 Attention CRE Brokers: AI is coming for your commissions.
Marcus, Agrippa's proprietary AI engine, was born from a $45M transaction... without middlemen.
The broker era is ending.
🏦 Long. Live. Marcus.
Join the broker-free movement: https://t.co/0XyMmoKfae
🎉 2026 is set to be the most important year in Agrippa’s history!
Our upcoming feature releases will usher in a new era, redefining the intersection of commercial real estate, technology, and artificial intelligence.
🥂 May this year bring you great partners & decisive fuel.
💵 Preferred Partner (aka Preferred Equity): The priority layer of equity.
In the capital stack, Preferred Equity sits above Common Equity and is typically paid a fixed return (or a fixed multiple) before the Sponsor participates.
It’s often used to reduce dilution while still avoiding the tighter covenants and control rights that can come with Mezzanine Debt.
📈 Pro Tip: Treat pref like a “cash flow seniority” instrument… model it with hard downside cases (lease-up delays, refi risk, exit cap expansion) and confirm your debt + pref coverage at every point in the hold.
⚠️ Watch out for compounding prefs, payment-in-kind toggles, redemption rights/maturity dates, and inter-creditor language that can trap flexibility.
➡️ Next up: Limited Partner.
🎄Wishing our partners, investors, and community Happy Holidays and a strong year ahead.
🎁 Grateful for the trust and relationships that make our work possible!
🔍 Since joining Agrippa, Bobby has brought a growth-first mindset and thoughtful perspective to the team, always approaching challenges with curiosity and humility.
Outside of work?
🎲 Competitive board games, Dungeons & Dragons, and painting as a creative outlet.
@seandsweeney Lender terms and investor horizons MUST align with the business plan.
Do you think mismatches are more common in development or stabilized assets?
@barrettjoneill A small business can be the best bridge into CRE, but it depends on the type of business.
Have you seen operators leverage that path successfully in your market?
@GlobalMktObserv Delinquencies crossing the 2008 peak signals deep structural pain.
The question is… will lenders push workouts harder or let defaults climb unchecked?
@FCNightingale When AAA bonds take this kind of hit, underwriting habits need a rethink.
What guardrails could lenders build in for downtown office risk now?
@i3_invest When quality and growth decouple this hard, something’s gotta give.
Which signal do you trust more: price action or cross-asset correlation?
💰 Mezzanine Debt: The bridge between Senior Debt and Equity.
In the capital stack, Mezzanine Debt offers a subordinated position beneath Senior Debt but above Equity.
It plays a unique role in allowing sponsors to pursue larger projects or limit Equity dilution, though it also
introduces other complications..
📈 Pro Tip: Blending Mezzanine Debt with Senior Debt can help you reach 80–90% LTC... great when valuations are compressed. But make sure to stress test all assumptions.