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Pure Commercial » Mezzanine Finance
Mezzanine finance is a type of top up funding to help fill a gap between a developer’s equity and the amount that the main lender will provide. This is normally secured by having a second charge over the property in question, while the bank or initial lender hold a first charge.
By taking out mezzanine funding the developer is able to obtain maximum return with minimum cash contribution. Often with busy developers, having a strong cash flow and good contribution levels can be the key to a project’s success and giving the developer the ability to potential invest in other opportunities.
Is Mezzanine Financing for you?
There are a number of factors that can influence a developer looking for Mezzanine finance, the most common are:
Do these issues relate to your current situation? Want to find out if mezzanine finance would work for your project? Talk to us today to see how we can help.
The main lender requires a greater cash contribution than you have
You want to retain capital for other potential projects
The project was undervalued during the application process, requiring a greater contribution towards the deal
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