MEZZANINE
FINANCE

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Stretch your borrowing further with one of our mezzanine loans. Here we will subordinate to a senior loan provider reducing your equity requirement.

Loan Criteria

Who we lend to
Experienced property developers

Typical borrower
A developer looking to stretch their borrowing ability and reduce equity requirement

Types of project
Residential-led, mixed-use, office to resi conversions, new builds

Rates
15% + p.a.

General criteria
Experienced developer, with similar schemes undertaken previously preferred. Additional security / P.G. may be required

Asset type
Residential led, multiple units, conversions and new build

Loan size
Up to £1,000,000

Term length
Up to 24 months

LTC
95%

LTGDV
75%

Where
London, Home counties, South East, South West and Midlands

Borrower or broker will contact us with outline details of the project.
We will respond with any further questions.
Once satisfied we will issue Indicative Terms to the borrower or broker. This is typically within one working day.
Upon agreeing to the indicative terms, the borrower pays a commitment fee to continue the underwriting process.
Further due diligence will be undertaken which may include additional information gathering, legal & property DD, valuations, surveys and professional reports, as well as security and facility documentation.
Following successful completion of underwriting process, satisfaction of any conditions precedent and execution of legal documentation, funds are released and the deal becomes live.
Subject to loan type, we may require a project monitoring surveyor or other professional party to undertake regular visits to assess progress and timelines.
Upon successful exit from the project, the borrower repays us along with any outstanding interest.

LOAN: £750,000
LTC: 85%
LTGDV: 70%
Acquisition cost: £5.5m Build cost: £4.75m GDV: £14m
Commercial unit with planning to convert to 55 residential apartments.
Mezzanine loan sitting behind a challenger bank’s net development finance facility of £8.75m.