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Looking to scale up your residential development projects and need capital backing?

We are looking for residential development projects that match the following for Mezzanine and Debt Funding. 

Mezzanine lenders consider requirements ranging from £200,000 and up to 80% (bank debt + mezzanine) of the forecast end value. 

Valuing the importance of building long term relationships with developers, mezzanine lenders offer:
Up to 75% of gross development value (GDV)
Up to 90% LTV (on current site value) and rolled up interest
Up to 90% LTC (Loan to Cost) and rolled up interest
Developer must have a track record including successful projects of a similar nature
Developer equity contribution of a minimum of 10% of the total development costs
London zones 2-6 or within a 1-hour commute
Regional cities such as Bristol and Manchester are also considered
£600-£1000 £ per sq./ft preferred
Unit values of Sub £1 million and mostly within help-buy preferred 
Security includes a second charge
Profitable Scheme - minimum profit on cost of 20% after finance costs
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Mezzanine Debt

Up to 90% of the required equity to be provided by Lender/Investors by way of a mezzanine loan under a second charge to the property
The loan will attract an annual interest charge which will vary deal-to-deal depending on risk exposure and project length
Developer to retain all remaining profit in the deal

With Mezzanine funding, your only challenge is finding suitably viable and profitable development projects.

Timescales: 


  • Subject to developer agreeing Heads of Terms, lender will proceed to draw up the Facility Agreement and also undertake due diligence.
  • Project timelines between 12–36 months

Call Now +44 (0) 203 2909019

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GIC Capital Ltd (10837798) Postal & Registered Address: 114 High Street, Cranfield, Bedfordshire, United Kingdom MK43 0DG. Data Protection Number ZA264437. Except where otherwise stated, website information is not intended to, nor does it, constitute legal, accounting, business, financial or other professional advice or services. © GIC Capital Ltd 2018 — All rights reserved