Mezzanine Finance for Property Development
1st Choice Finance are leading providers of mezzanine finance for property developers. Our experienced have team have built an extensive network of lenders, which enables us to provide a great range of options for borrowers looking for this type of finance.
Mezzanine funding is predominately used to fill the gap between available equity and finance provided by a senior lender. Frequently property developers will use this type of finance to reduce equity contributions, which gives a developer the opportunity to fund more investments simultaneously, which might not otherwise be possible.
Features of Mezzanine Finance
- Up to 75% GDV
- Allows up to 90% of total costs to be funded
- Finance facility 100k – 500k
- Loan term of up to 24 months
- Loans available across the UK
Borrower and Project Requirements
- Planning consent required prior to finance agreed
- Minimum contribution of 10% of total costs (site plus build costs)
- Relevant experience required in development projects
- Location must have demand for new homes
Why Choose 1st Chocie Finance for Mezzanine Finance?
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- We are able to get quick decisions on finance projects
- We are willing to look at mezzanine funding of all sizes, which some lenders may deem too small
- Our company can also fun dprojects that already underway
- Our vast network of professionals charge very cimpetitve prices when compared to others in the industry
- We have a lot of experience in this area, and many satisfied clients who recommend us for this type of finance
- Good relationships with a variety of lenders, to enable us to provide a fantastic range of finance options
- Due to our extensive knowledge and experience, we can provide valuable advice on a range of practical issues which include things like planning, accounting and legal.
Our working methods and pricing structure is very transparent. Should there be cheaper alternatives that might be available to clients, these would always be presented first. Our team will always go the extra mile to present different funding options, and give a good explanation as to the advantages and disadvantages of each funding option.