DialHYBRID

Debt + Equity, Unified

Dial Hybrid combines senior debt with a performance-based equity feature in one structure—more leverage than conventional debt, without giving up sponsor control.

Why Choose  DialHYBRID

Dial Hybrid aligns higher leverage, cleaner structures, and exit-based economics, allowing serious sponsors to scale without overcomplicating the capital stack.

More leverage, less dilution

Plain debt stops short. Dial Hybrid extends proceeds above senior without handing control to a heavy JV partner.

One structure, fewer parties

A single counterparty and unified docs instead of stacking multiple lenders and equity shops.

 Cash-flow aligned

Lower current pay during execution; participation settles at exit, keeping project IRR intact.

The DialHYBRID process

A streamlined, sponsor-focused workflow from first look to funded

  • How does Dial Hybrid work?

    Dial Hybrid pairs an interest-only senior position with a performance-based equity feature in a single structure. You keep sponsor control, with clearly defined consent rights and first-position security, while we share in value created at exit instead of loading the deal with more monthly debt.

  • What are the typical terms?

    While every deal is underwritten individually, Dial Hybrid commonly fits within:

    • Up to 80–88% of cost
    • 18–36 month term, with extensions
    • 9.5–12.5% current pay (deal and market dependent)
    • 5–20% upside share or structured exit economics
    • Milestone or inspection-based draws during execution

    These are guidelines, not a quote.

  • What types of deals is Dial Hybrid best suited for?

    We’re typically a fit for:

    • Ground-up and heavy value-add projects
    • Bridge-to-stabilization / lease-up
    • Recaps and partner buyouts
    • High-IRR projects where sharing a slice of upside beats raising more cash up front

    If conventional leverage tops out early but a full JV is overkill, Hybrid is usually worth a look.

  • Can you give example structures?

    • Development Hybrid: Senior loan to ~75% LTC + structured piece above it with upside at sale or refi.
    • Reposition Hybrid: As-is LTV plus capex facility, with modest exit participation instead of a stacked second lien.
    • Bridge-to-Perm Hybrid: Short-term IO bridge plus warrant/exit fee tied to a DSCR take-out within a defined window.

    These are illustrative only; final terms depend on deal specifics.

  • Who is Dial Hybrid right for?

    Sponsors who:

    • Have experience or a strong GC/operating team
    • Can present a clear business plan, budget, and comps
    • Are in markets with durable demand
    • Have a realistic exit via sale or DSCR take-out

  • What does the process look like?

    1. Send a concise package summary, budget, sources/uses, schedule, comps, exit plan.
    2. We size the opportunity and respond quickly if it fits our Hybrid box.  
    3. Move to term sheet, diligence, closing, and milestone-based draws.

Have a deal or question?

Send us a quick summary—property, numbers, and what you’re trying to solve—and we’ll follow up with feedback and options.