Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Mezzanine debt gets its name because it blurs the lines between what constitutes debt and equity. It is the highest-risk form of debt, but it offers some of the highest returns -- a typical rate is in ...

Real estate capital stacks often have two pieces. First, there is a traditional mortgage loan secured by real estate. Second, there is a less traditional, but recently quite common, mezzanine loan ...