40
Residential Units
Financed via mezzanine — pre-contracted to Galway County Council
Financing
Mezzanine
Status
Active
Buyer
Galway County Council
Security
Second Charge
Structure
Deal Overview
A clearly defined capital structure with strong structural protections for Everlet position throughout the development cycle.
Financing Type
Mezzanine
Total Units
40
Security Position
Second Charge
Developer Equity
Minimum 5%
Exit Strategy
Sale to Galway County Council
Expected Term
20–26 months
Capital Structure
Senior Debt
~60%
Mezzanine / Everlet
~25%
Developer Equity
~15%