Versatile financing solutions
for the middle market
The mezzanine finance market is now an established part of Real Estate funding structures. Bircroft has seen Senior debt stabilising at around 65% LTV, prompting lenders to offer mezzanine finance up to 90% LTV for both development and investment.
As such, we can ensure that our clients have access to the most competitive mezzanine in the market together with a smooth delivery in conjunction with a senior lender.
- The client must be able to show a strong track record and relevant experience
- Real estate transactions must demonstrate a clear exit or repayment strategy within the short to medium term
- A client’s non-core assets need to have enough yield or development angles to support the higher cost of mezzanine finance
The Boat House, Mortlake
Maximising client returns
Our client agreed to purchase an office building for £9m with a consent for residential conversion. During the purchase due diligence process, the developer secured consent for an additional floor to accommodate two penthouses within the existing development.