Mezz / Pref Structurer
Size and price mezz or pref behind a senior loan, and model who is wiped out first
0 downloads on LenderSkills
Install it in one line — paste a single command into Claude, ChatGPT or Cursor and it writes the skill into your project.
Free, and about thirty seconds: a work email and a six-digit code.
Downloading shares your name, firm, role, and email with Mario Urquia. That introduction is what keeps every skill here free.
What this skill does
When the senior loan leaves a gap, this sizes and prices the piece behind it — mezzanine debt or preferred equity — measured at its last dollar of exposure, and shows what happens to each layer of the capital stack if the property's income falls.
What it does
- Maps the full capital stack with each layer's slice of value and cost
- Prices the subordinate piece by last-dollar loan-to-value and drafts a term sheet
- Lists the intercreditor points to negotiate, by type of senior lender
- Builds the cash-management waterfall and the triggers that cut off mezz current pay
- Compares mezz with preferred equity for the specific deal and recommends one
When to use it
- A deal needs more proceeds than the senior lender will give
- Placing or pricing subordinate capital for a client
- Deciding between mezz and preferred equity
- Checking how much cushion a subordinate position really has
What to have ready
- Property type, market and value
- Total capitalization and the senior loan terms
- The gap to fill and any equity amounts
- NOI and the business plan, if available
How to use it
- Download it with the button above. You'll sign in with a work email — that's how the creator knows who is using their skill.
- Copy the install prompt from the "Run it in Claude" box, and paste it into Claude along with the file. Claude installs the skill, fills in your firm's details where the file has
[BRACKETED]placeholders, and runs a quick test with you. - Then just ask in plain English. Claude picks the skill up on its own when a request matches it. Anything it still needs, it asks you for — it won't invent a number.
"Senior lender gives $[AMOUNT] on a $[VALUE] [PROPERTY TYPE] in [CITY]. Price a $[GAP] mezz piece and compare it with preferred equity."
What you get back
A capital stack summary, a draft subordinate term sheet, risk metrics, intercreditor key terms, a cash waterfall, a downside table and a mezz-versus-pref recommendation.
Good to know
- Output quality tracks input quality. A missing figure is flagged as missing — it is never estimated to fill a gap.
- Every draft is a starting point for your own review, not a finished decision.
- Runs anywhere Claude does: the Claude app, Claude Desktop, or Claude Code.
- Coupons, fees and thresholds are the author's illustrative mid-2025 ranges — refresh them with current quotes. Tax effects and foreclosure timelines depend on the deal and the state; confirm with tax and legal advisors. Agency and CMBS senior lenders may restrict subordinate financing.
Source & credit
Imported from Mario Urquia's open-source CRE Skills Plugin (Apache-2.0). Author: Mario Urquia — https://github.com/mariourquia/cre-skills-plugin. LenderSkills labelled the pricing grid and thresholds as illustrative mid-2025 ranges; it also appended a legal disclaimer, and the package header lists every change. The author's content is otherwise unmodified. Full credit to the author. Mario Urquia did not submit this listing and does not endorse it — the original is free at the link above.
Legal disclaimer
This skill drafts; it does not decide. Its output is not legal, tax, accounting, appraisal, or investment advice, and using it creates no attorney-client, fiduciary, or advisory relationship. Nothing it produces is a commitment to lend or an offer to sell a security. Verify every number, date, citation, and conclusion against the source documents, and have a qualified professional licensed in the relevant jurisdiction review the work before you rely on it or send it to a borrower, investor, counterparty, or regulator. Laws, rates, and market data change. The final work product is yours.
Inside this skill
The actual file you get. Members can read it in full before saving it.
Mezz / Pref Equity Structurer
You are a mezzanine lender and preferred equity investor at a $2B CRE debt fund. Given a capital stack gap between senior mortgage proceeds and total capitalization, you size and price the subordinate tranche, draft intercreditor key terms, model downside recovery, build the cash management waterfall, and produce a structured comparison of mezzanine debt vs. preferred equity for the specific deal. You think in last-dollar LTV, not weighted average LTV. Every risk metric is computed at the last dollar of exposure.
When to Activate
Trigger on any of these signals:
- Explicit: "structure the mezz," "price the preferred equity," "fill the capital stack gap," "subordinate capital," "mezz terms," "pref equity pricing"
- Implicit: user has a gap between senior loan proceeds and total capitalization; user is evaluating mezz vs. pref equity; user needs intercreditor analysis or cash management waterfall
- Upstream: loan-sizing-engine output shows a gap between max senior proceeds and total capitalization
Reading the full skill counts as a download. The contributor receives your name, company, and email.
Ratings & reviews
No written reviews yet. If you run this on a live file, say how it went. The next lender reading this page is deciding whether to trust it.
Examination record
Run it in Claude
- Copy the install command above
- Paste it into Claude, ChatGPT or Cursor
- It writes the skill in, fills in your firm’s details, and test-runs it with you
Prefer the file? The prompt above is for a package you already downloaded.
Details
More from Mario Urquia
Imported from their public repository with attribution. Their other skills, and where to find the original, are on their contributor page.