Long-form editorial guides on CMBS, bridge, DSCR, SBA, mezzanine, data center, hotel, and NNN financing. Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. No marketing fluff. No upsells. Just the structural detail you need to make a real capital decision.
Commercial Mortgage-Backed Securities (CMBS) explained — how conduit loans work, who qualifies, current rates, and the defeasance trap every borrower needs to understand before signing.
Read the full guide →Bridge loans solve a specific problem in commercial real estate — buying speed, capital flexibility, and timing the transition to permanent financing. Complete guide with rates, terms, and exit strategies.
Read the full guide →DSCR (Debt Service Coverage Ratio) loans let investors qualify on property income — no W-2, no tax returns, no personal income verification. How DSCR works, what multiples lenders use, and when it's the right structure.
Read the full guide →Bridge vs CMBS head-to-head — rates, terms, LTV, close speed, recourse, prepayment. The decision framework experienced sponsors use to pick between transitional bridge and permanent CMBS.
Read the full guide →DSCR vs conventional Fannie Mae investor loan — rates, qualification, LTV, speed, entity structure. Decision framework for investors scaling past the 10-loan conventional cap.
Read the full guide →SBA 7(a) vs SBA 504 for hotel acquisitions — LTV, rates, flexibility, close time, and recourse compared. Decision framework for hotel owner-operators picking between the two flagship SBA programs.
Read the full guide →Bridge and hard money are often conflated but they're different products. Bridge is institutional short-term debt for transitions; hard money is asset-based private lending for speed and credit-constrained situations.
Read the full guide →Mezz is debt (UCC pledge + fast foreclosure remedy). Pref equity is equity (priority distributions + contractual remedies only). Tax, pricing, and agency-debt rules decide which fits.
Read the full guide →CMBS conduit vs bank balance-sheet permanent debt. Rate, terms, recourse, prepayment, and relationship factors compared — with the specific scenarios where each structure wins.
Read the full guide →Equipment loan, operating lease, capital lease / $1-buyout, SBA 504, sale-leaseback. Tax treatment, Section 179 eligibility, cash flow impact — complete decision framework.
Read the full guide →DSCR is long-term institutional debt for rental holds; hard money is short-term private lending for fix-and-flip and rehab. The BRRRR pattern combines both. Here's the framework.
Read the full guide →Bridge-to-DSCR is the standard investor transition from acquisition / rehab financing into long-term rental debt. Timeline, seasoning rules, cash-out mechanics explained.
Read the full guide →Stuck on a 12-month bridge or hard money loan? The Hard Money Exit Strategy refinances short-term, high-rate debt into 30-year fixed DSCR rentals. Property eligibility, 1.05x DSCR underwriting, 80% LTV refi mechanics, timeline, and the 5 reasons banks decline these deals.
Read the full guide →Merchant cash advances are a structural mismatch for B2B businesses on net-30/60/90 payment terms. Invoice factoring, ABL, and SBA working capital are better. Decision framework + cost comparison.
Read the full guide →The counter-intuitive prepayment mechanism that shocks first-time CMBS borrowers. Low rates make defeasance EXPENSIVE. Here's the math, scenario framework, and how to model cost before signing.
Read the full guide →All 4 SBA programs explained — eligibility, rates, terms, LTV, timelines. Decision framework for owner-operators picking between programs. SBA MARC rural-area enhancement detailed.
Read the full guide →UCC pledge structure, capital stack positioning, pricing dynamics, and the worked example showing 8-9 percentage point IRR boost mezz delivers on typical value-add deals.
Read the full guide →Every commercial deal stacks senior debt + mezzanine + preferred equity + sponsor equity. Here's how each layer prices, risks, and sequences in default — the primer every sponsor needs.
Read the full guide →Data center capital stacks across construction, mini-perm, mezz, JV preferred equity, CMBS SASB, ABS. Hyperscaler tenancy + AI infrastructure economics + the major capital providers per stage.
Read the full guide →All 5 hotel financing structures explained — when each fits, rate ranges, owner-operator vs institutional sponsor decision tree. PIP financing paths included.
Read the full guide →Walgreens, CVS, Dollar General, Starbucks, 7-Eleven NNN financing — tenant credit drives 80% of pricing. April 2026 rate ranges by S&P rating. 1031 exchange mechanics + ground lease structures.
Read the full guide →Six equipment financing structures explained — conventional loan, $1 buyout lease, FMV operating lease, SBA 504, vendor financing, captive financing. Section 179 + 100% bonus depreciation under OBBBA 2026.
Read the full guide →April 2026 institutional snapshot — $200B+ CMBS maturity wall, delinquency by property type (office 10.5%+, multifamily 4.9% rising), 10Y/spread/all-in rate forecast, capital flowing TO vs AWAY FROM each asset class, standard $50M+ stacks.
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