The Capital Stack

When investing in commercial projects, it is important to understand where your money sits in relation to payday. Depending on where you are in the "Capital Stack" varies greatly in relation to risk, returns and when you get paid if something possibly goes wrong. This week, Joe Christie, Exec Director of Capital Property Funds explores the "Capital Stack" and what it means when you have "equity parading as debt". All real estate investors, please take note!