Mezzanine Finance
Updated: 20th August 2009 (AM)
Mezzanine Finance is now available against commercial property, as a second layer of finance behind the primary debt provider.
In order to offer diverse funding solutions to our clients, we now have access to a source of mezzanine finance secured through a second charge against commercial property.
This is a relatively new source of finance, which we expect to have available in Autumn 2009.
Funding will effectively be a "top up" layer of finance sitting alongside a bank loan. Whilst every proposition will be different, we would expect that this element will be on a short term (1 to 3 yrs) interest only facility at a premium interest rate.
In most cases security will be a second charge on the property, behind the bank. It is unlikely that equity or personal guarantees will be required.
It is likely that this layer of funding will make the difference between success and failure. We firmly believe that funding will be utilised very quickly.
Further details about this product will be posted shortly.
If you feel that this product may be of interest, give us a call, we can then present your situation as soon as funding is made available.
Contact Us Online - or call 0115 984 9800.
