Mezzanine & Equity Finance
Top-up finance to bridge the gap between your development loan and total project cost — sometimes arranged as part of the main facility.
Bridging the funding gap
If you require funds to help cover the difference between the development loan and the total cost of the project, we have access to mezzanine and equity funding. This can sometimes be arranged as part of the main facility.
The cost of this varies from deal to deal. Although mezzanine is expensive, it tends to be a small element of the overall borrowing and therefore does not affect the overall costs as much as it first appears.
The maximum loan to GDV figures must include all of the fees and interest over the chosen term.
A development with a healthy profit margin may allow the developer to borrow up to 100% of the total project cost. In our experience most schemes tend to fit between 85% and 90% of total cost.
Key Points
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