Banyan Mezzanine, based in Miami, is now raising their second fund of $30 million. Banyan is one of only two mezzanine funds based in Florida and the only fund organized as an SBIC. By opting for SBIC status Banyan is able to leverage the fund's capital 2:1 through low cost SBA loans and thereby achieve higher returns for its investors. Accredited investors can obtain a copy of the offering memorandum by contacting Richard Starke or Michalis Stavrinides at 305.755.0370.
A mezzanine fund provides mezzanine debt, which fills the balance sheet gap between senior debt and equity. Typically mezzanine debt is subordinated to senior debt and provides additional capital when bank borrowing limits have been reached. This form of financing is also less dilutive than a new equity offering. Additional benefits of mezzanine debt are described in the sidebar on the right under GH Capital Partners "Mezzanine Debt".
This post is not intended to be an offering of securities.