75
Residential Units
Mezzanine facility supporting the acquisition and delivery of a fully permitted 75-unit scheme of houses, duplexes and apartments.
Financing
Mezzanine
Status
Active
Exit
Private Market + AHB
Security
Second Charge
Loan Term
22 Months
Investor Return
18%
Structure
Deal Overview
Everlet arranged a bespoke asset-backed mezzanine facility to support the acquisition and development of the White Pines site, a fully permitted 75-unit residential scheme in Rathfarnham. The investment was secured by a second-ranking charge over the development site, providing investors with exposure to a high-quality residential asset.
Financing Type
Mezzanine
Total Units
75 (29 apartments, 46 houses and duplexes)
Security Position
Second Charge
Loan Term
22 Months
Investor Return
18% p.a.
Exit
Private Market + AHB Sales
Capital Structure
Senior Debt
0-75% LTV
Everlet Mezzanine
76-86% LTV
Developer Equity
87-100%
