Build
Mezzanine finance: borrow more, put in less.
A second loan on top of your senior debt, so your own cash goes further and you can take on more schemes.
Talk to Bridget about your funding gap
Who it's for
Experienced developers whose senior lender won't fund enough of the project.
What it's used for
- Closing the gap between the senior loan and total project costs
- Reducing the equity you need to put in
- Freeing up cash to run more than one scheme at a time
How it works
Mezzanine finance takes a second charge behind the senior lender, and it's repaid after them. Because it carries more risk, it costs more than senior debt. Used together, the two loans can fund a much larger share of your costs than senior debt alone.
The senior lender has to agree to it, so the two need to be arranged together. I structure both at once, so the terms work side by side and nothing stalls at the last minute.
What Bridget needs from you
Everything for development finance, plus your senior loan terms if you already have them.