Bridge To Mezzanine
Realising value through site enhancement
Achieve certainty of funding from acquisition and improvement through to development, sale and exit
In some instances, some form of enhancement is required to a site before a senior lender will advance development funds. This could be securing full planning permission, planning enhancement or putting in infrastructure / service works.
In such cases, a bridge-to-mezzanine facility could be the ideal way to assist with the site improvement, and give peace of mind that a portion of the development funding is already secured.
How does a bridge-to-mezzanine facility work?
Projects where the intention is to sell the site with the benefit of the enhancements at the end of Phase 1 are generally not considered for funding.
Bridge-to-mezzanine facilities can be structured either on a first-charge basis or on a second-charge basis:
The ranking of the facility will determine the pricing. To discuss an opportunity, please contact one of the team.