Winning the Lower & Middle Market: Pref Equity and Mezz Debt with Apparent Base

195 views

Video added by The Kirsh Connection | Date Uploaded: August 08, 2026 | Date Created: February 17, 2026

Description

In this episode of Real Talk, we talk with Dan Joseph and Eli Moghavem from Apparent Base. We discuss: • The complementary roles of infrastructure, experience, and capital in building a scalable private credit platform • Why new acquisition capital beats recap risk in today’s market • How bespoke pref equity and mezz structures solve real borrower problems • Why regulatory risk is more concerning than oversupply in underwriting decisions Learn more about Dan: • View Dan’s bio on Apparent’s website: https://www.apparentcapital.com/our-p... • Connect with Dan on LinkedIn: / dan-joseph-corridor Learn more about Eli: • View Eli’s bio on Apparent’s website: https://www.apparentcapital.com/our-p... • Connect with Eli on LinkedIn: / elimoghavem ******************************************* In each episode of Real Talk: Real Estate Discussions, Andrew Kirsh interviews industry leaders to learn their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry. Don't miss an episode of Real Talk: • Listen on Apple Podcasts: https://apple.co/3GT1hoM • Listen on Spotify: https://spoti.fi/3OQrd6j • Listen on Anchor: https://podcasters.spotify.com/pod/sh... • Listen on Listen Notes: https://lnns.co/7ICHmPQyXnU Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation. • Connect with Andrew on LinkedIn: / andrewkirsh • Connect with Andrew on Twitter: https://x.com/atkirsh • Visit Andrew's business website: https://www.sklarkirsh.com/profession... • Follow Sklar Kirsh LLP on LinkedIn: / sklar-kirsh-llp • Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/... Real Talk is produced and edited by Ashley Thays.


Categories:
Legal, Lending / Finance, Interviews / Podcasts / Speeches, Investment Funds / Family Offices
Property Types:
ALL
States:
ALL


Suggested Videos

Chris Visits a Hot Chick-Fil-A NNN Ground Lease For Sale in Long Beach California
In this episode of Net Lease TV on Tour Chris visits a newly developed Chicik-Fil-A Ground Leased Net Leased Property in dense Long Beach, California. The following are details of the Chick-Fil-A Ground Leased NNN Property for Sale; Name of Store: Chick-Fil-A Ground Lease Address: 3290 Atlantic Ave, Long Beach, CA 90807 List Price: $3,715,000 NOI: $148,500 (4.00% Cap) Rental Increases:
The Capital Stack: Masterclass in C-PACE Tranching with Cory Jubran of Nuveen Green Capital
Commercial Real Estate veteran and founder of Way Capital, Malcolm Davies, sits down with Cory Jubran, Senior Director—West Coast Originations at Nuveen Green Capital, to break down the mechanics of structured finance. Listeners learn how to optimize the capital stack using C-PACE fixed-rate capital, navigate the nuances of retroactive financing, and build strategic bank partnerships. Cory offers unique insights into C-PACE fixed-rate capital. As an early mover in the space, he recently close
Flexible Co-GP Structures Build Better Deals with Adrian Berger of Cypress Equity Investment
Commercial Real Estate veteran and founder of Way Capital, Malcolm Davies, speaks with Adrian Berger, Managing Director of Acquisitions at Cypress Equity Investments (CEI), to discuss creative deal flows and capitalizing on the Low-Income Housing Tax Credit (LIHTC). Adrian highlights the value of relationship equity and why networking remains the most valuable asset in a developer’s portfolio. He describes CEI’s creative Co-GP deal-making opportunities and how they are navigating LIHTC in the