A full-stack execution: Carlton places the equity and arranges the debt on the same transaction, rather than solving one layer and leaving the sponsor to source the other.
Running both sides together is what lets the layers be priced against each other. The amount of leverage available sets how much equity has to be raised, and the cost of that equity sets how much leverage is worth taking. Sponsors who solve debt first and equity second usually discover the two answers do not fit.
Carlton has placed more than $200 billion of equity and debt since 1991, across six continents and every major asset class. Edition Hotel, 20 Times Square is one of the firm's landmark transactions — see the full record of closed transactions for the complete list.
Sponsors and developers — bring us your deal for equity and debt across the stack.
