Mezzanine Funding for London Development

Background

A developer, who we regularly assist, had terms produced for a site in London, to build out two houses on one plot with a GDV of £12m. We had already secured him the £4m senior debt and he was financing the rest of the site from his own equity, which was a combination of capital he already held and the sale of one of his current developments.

Solution

It became apparent quite quickly leading up to completion that the sale of his current development would not happen in the timescales expected and as such required another £1.8m as a mezzanine fund. As we already had extensive files on the development, terms were secured for the developer the same day, the lead times for completion were not disrupted and the completion deadline was met by all parties.

Development Facility: £1.8m

Term: 12 months

GDV: £12m

Don't hesitate to
contact us for any
information.


Call us to find out more information about
how we can help you

0800 802 1003

Privacy Policy

Subscribe to our newsletter to receive our updates and offers.