Recapitalization that resets the capital stack around the path forward
Murivest advises owners and sponsors on the recapitalization of U.S. commercial real estate - restructuring the ownership and capital stack to unlock value, manage a maturity, or fund the next phase of an asset's life. Independent advice, structured to the situation rather than a lender's standard terms.
Recapitalization is a tool, not a last resort
The most effective recapitalizations are proactive - executed while the asset is stable enough to command good terms, not after distress has set in.
Maturity & Default Avoidance
Restructuring the stack ahead of a debt maturity or covenant breach - bringing in fresh capital to stabilize the asset and protect ownership equity.
Value Unlock Without Sale
Recapping a performing asset to return capital to the owner while retaining upside - an alternative to a full disposition when the hold thesis remains intact.
Repositioning Capital
Injecting equity to fund a business plan - lease-up, renovation, or re-tenanting - where the existing capital structure cannot support the execution.
Ownership & Partner Restructuring
Resolving deadlock, partner buyout, or governance change through a structured recapitalization that aligns the capital with the path forward.
Restructure the stack before the clock forces the terms
A recapitalization is a negotiation conducted under time pressure - and time pressure erodes terms. We begin by mapping the existing capital structure, the constraints, and the realistic paths: new equity, subordinate debt, a note modification, or a clean recap. The objective is to secure the best available outcome while there is still room to negotiate.
Where a full disposition is the better answer, our sell-side practice runs that process in parallel - ensuring the owner chooses the optimal path with the full picture in view.
What a recapitalization mandate delivers
- Existing structure and constraint diagnosis.
- Option mapping across equity, debt, and note resolution.
- Capital introduction to qualified recap partners.
- Negotiation and closing coordination.
Recapitalization connects to the full practice
A recapitalization draws on equity, debt, and disposition capability depending on the chosen path.
Reset your capital structure with counsel
If a maturity, covenant, or ownership constraint is approaching, we will map your options and source the capital to execute the right one.