350
Potential Residential Units
Mezzanine facility funding the acquisition of an 8-acre strategic mixed-use site with hotel, retail, cafe and creche potential.
Financing
Mezzanine
Status
Now Raising
Exit
Buyer / Refinance Post Planning
Security
Second Charge
Loan Term
24 Months
Investor Return
20%+
Structure
Deal Overview
Everlet arranged a bespoke asset-backed financing solution to facilitate the acquisition of an 8-acre strategic mixed-use development site, with the potential to deliver over 350 residential units, together with a hotel, large-format retail unit, cafe and creche. The facility benefited from second-ranking security and a significant equity contribution from the promoter, providing strong alignment of interests.
Financing Type
Mezzanine
Total Units
350+ potential
Security Position
Second Charge
Loan Term
24 Months
Investor Return
20%+ p.a.
Exit
Buyer / Refinance Post Planning
Capital Structure
Senior Debt
0-58% LTV
Everlet Mezzanine
58-76% LTV
Developer Equity
76-100%