When starting your journey as an investor, it\u2019s easy to feel overwhelmed by new terms and concepts. But it\u2019s important to work past these barriers of understanding to make informed investment decisions. The capital stack is one of those difficult-to-understand concepts, and our guest today, Dan Handford, is here to shed some light on what it is. Dan is hosting the Multifamily Investor Nation Summit, and our listeners get 10% off, using the promo code \u2018Whitney.\u2019 We kick off this episode with Dan explaining the basics of a capital stack. It is the organization of capital for any real estate transaction, with senior debt position at the bottom, followed by secondary debt, such as mezzanine debt, then preferred equity, and finally, common debt.
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