Mezzanine loans allow property developers to take 2nd or junior facilities behind a traditional development lender. This allows the developer to reduce the amount equity they need to contribute to each development
For example, where banks typically lend up to 70-80% of costs, our mezzanine loans can cover up to 90% of total project costs.
This higher leverage lending is perfect for property developers as it means you won't need to provide such a large percentage of funding yourself. This not only helps with cash flow but also provides the opportunity to build more than one development project at a time.
If you are looking to maximize your return on equity, mezzanine finance can provide the additional capital you need to get your project over the line. It can also allow property developers to limit the amount of equity investment required, which is an advantage for those who wish to retain equity control.
As mezzanine finance providers, we typically offer mezzanine lending that tops up senior debt from 75%-80% of costs, up to 90% of Loan to cost.
Here at Clearwell Capital, we also pride ourselves on our premium standard of customer service, and pride ourselves on sending out 86% within 24 hours of receiving the application.
We have also reduced our processing time iito an average of 4 - 8 weeks, which is one of the fastest you’ll find in the industry. Once a site visit has been undertaken, it typically takes our expert teams less than a week to secure credit committee approval for your mezzanine finance.
This means that we can confidently guide you through the process while being mindful of the time-sensitive nature of your project.
Talk to us today to see how much you could borrow and take the first step towards a supportive, end-to-end property development finance partnership.