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

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Video added by Real Talk | 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.


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Legal, Lending / Finance, REITs / Investment Funds, Interviews / Podcasts / Speeches
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