Alt Investing Made Easy

Summary
In this episode of Alt Investing Made Easy, Sarah Florer and Roland Wiederaenders delve into the concept of the capital stack, explaining its significance in investment decisions. They break down the layers of the capital stack, including debt, mezzanine debt, preferred equity, and common equity, discussing the risks and returns associated with each. The conversation emphasizes the importance of understanding where an investment lies within the capital stack and how it impacts potential returns and risk levels. The hosts also highlight the need for investors to be proactive in asking questions about the capital stack and to be aware of the complexities involved in different investment deals.

Sponsored by:
Real Advisers, Austin, Texas

Special thanks to:
Grable Martin PLLC 
Red Sun Creative, Austin, Texas

For more information: AltInvestingMadeEasy.com
Please contact us: info@AltIvestingMadeEasy.com
Roland Wiederanders: Roland@grablemartin.com 
Sarah Florer: sflorer@grablemartin.com

Takeaways
  • The capital stack determines who gets paid first in a deal.
  • Debt is generally safer but offers lower returns.
  • Equity holders have higher risk but potential for greater returns.
  • Understanding the capital stack is crucial for investors.
  • Mezzanine debt can combine elements of debt and equity.
  • Preferred equity is considered at-risk capital.
  • Common equity represents the highest risk and return potential.
  • Investors should regularly inquire about the capital stack.
  • Every investment deal is unique and requires careful analysis.
  • Financial education is key to navigating investment opportunities.
Chapters
00:00 Understanding the Capital Stack
07:00 Layers of the Capital Stack
15:34 Mezzanine Debt Explained
21:01 Preferred Equity Insights
25:31 Common Equity and Its Implications
30:09 Navigating Complex Capital Structures

Disclaimer: “This production is for educational purposes only and is not intended as investment or legal advice.”

© 2025 AltInvestingMade Easy.com LLC All rights reserved

Creators and Guests

Host
Roland Wiederaenders
Co-founder of the Alt Investing Made Easy podcast, investment advisor, and corporate securities attorney with expertise in private investment funds, corporate/securities issues, mergers and acquisitions, partnership structuring, and federal income tax matters. Roland is also a member of Grable Martin PLLC.
Host
Sarah Florer
Co-founder of the Alt Investing Made Easy podcast, investment advisor, and corporate attorney with expertise in corporate finance and securities, structuring and restructuring, and commercial matters. Sarah is also a member of Grable Martin PLLC.
Producer
Anthony Carrano
Co-founder of the Alt Investing Made Easy podcast, fractional Chief Marketing Officer, entrepreneur, and Managing Partner at Dunamis Marketing.

What is Alt Investing Made Easy?

Join attorneys Sarah Florer and Roland Roland Wiederaenders as they navigate through the maze of market jargon and reveal the secrets of diversifying your portfolio. Whether you're a seasoned investor or taking your first step toward financial freedom, we empower you with the knowledge and insights you need to thrive in the dynamic landscape of alternative assets. Get ready to transform how you invest, inspiring a new way of thinking about your finances, and discover how to make your money work harder. Dive in with us, and let's make investing in alternative assets easy, giving you the confidence to navigate the financial landscape, one episode at a time.