Diving into Small & Middle Market Preferred Equity with Base Equities Co-Founders Eli Moghavem & Michael Bastan

In this episode of Real Talk, I speak with Base Equities Co-Founders Eli Moghavem and Michael Bastan. Base Equities provides small balance ($1-5 million) preferred equity investments to established sponsors in multifamily and commercial assets in the United States.

We discuss:

* Dissecting the supply-demand imbalance in the small to middle market of preferred equity

* The key metric in evaluating deals from a lender’s perspective

* 90% of “cash in” refinancings are not actionable

Read more about Eli and Michael on Base Equities' website: https://baseeq.com/about-us/

Connect with Eli with LinkedIn: https://www.linkedin.com/in/elimoghavem/

Connect with Michael on LinkedIn: https://www.linkedin.com/in/mbastan/

*********************************** 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: https://www.linkedin.com/in/andrewkirsh * Connect with Andrew on Twitter: https://x.com/atkirsh * Visit Andrew's business website: https://www.sklarkirsh.com/professionals/andrew-t-kirsh * Follow Sklar Kirsh LLP on LinkedIn: https://www.linkedin.com/company/sklar-kirsh-llp/ * Follow Sklar Kirsh LLP on Instagram: https://www.instagram.com/sklarkirsh/