Capital advisory that structures the stack around the asset - not the other way around
Murivest provides independent capital structuring advice for U.S. commercial real estate - designing the optimal mix of equity, debt, and hybrid capital against the business plan and the sponsor's objectives. We do not lend our own capital, so the recommendation is dictated by the deal, not by a balance sheet.
Structure is a decision, not a default
The capital stack determines who earns what, who bears which risk, and how the asset behaves under stress. We treat that as a deliberate design problem rather than a conventional template.
Objective Stack Design
We model the trade-off between equity, debt, and hybrid capital against the business plan, the hold period, and the sponsor's return objectives - with no product to favor.
Structure Engineering
Preferred equity, JV waterfalls, mezzanine, and senior debt are structured to allocate risk and return deliberately, not by convention.
Scenario & Risk Mapping
We stress the structure across rate, occupancy, and timeline scenarios so the sponsor understands the behavior of the capital under stress before committing.
Independent Recommendation
Because we do not lend or invest our own capital, the advisory is aligned to the asset and the sponsor - not to placing a specific product.
No balance sheet means no conflict
Advisors who lend their own capital are incentivized to place that capital, often at the expense of structure quality. By remaining independent, Murivest advises on the structure that best serves the asset and the sponsor - and then sources the capital to match it through our introduction practice.
The result is a capital stack designed for the business plan, with risk and return allocated intentionally and documented to the standard institutional investors expect.
What independent advisory covers
- Equity versus debt optimization modeling.
- JV and preferred-equity waterfall design.
- Senior, mezzanine, and structured debt comparison.
- Stress testing across rate, occupancy, and timeline.
Advisory leads to sourcing and structuring
Once the optimal structure is defined, we introduce the capital and document the equity and debt to execute it.
Design the right capital structure
If you are weighing how to capitalize an asset or fund, we will advise on the optimal stack - independently.