As we are a small team, we make decisions quickly, typically within forty eight hours of receipt of your proposal and we work closely with our property professional advisors to ensure we deliver the funding solution in a timely manner.
At Assured we can provide equity finance for residential and mixed use schemes. The developer equity requirement is typically 5%-10% of costs with the profits shared 50:50 on exit, post repayment of any senior lending. Depending on the project size and debt requirement we can also provide the senior lending Debt.
Mezzanine finance sometimes referred to a ‘Mezz Funding’ or ‘Stretched Senior Debt’ provides additional loan capital to help fill a gap between a developer’s equity and the amount that the senior lender will provide. This is normally secured with a second charge over the property in question, with the senior lender holding a first charge.
At Assured we don’t have a set of pre-defined rules or credit policy for real estate funding. We approach funding as a partnership, working closely with our clients to reach a solution to their needs. Every case is assessed on its own merits, because each transaction will have something different.
It was good to get our first deal over the line for £1.5m on a 2nd charge basis. The loan was quite unique and Assured were able to understand it, accommodate its circumstances and also provide the funding in a timely manner, which a great for both the broker and the client…We found the underwriting process very clear and concise from the beginning with no changes to requirements once these were met.
Looking forward to doing much more business with Assured.”
Joint venture equity funding
At Assured we can provide Joint Venture equity funding for residential and mixed use schemes, the developer equity requirement is typically 10% of site acquisition costs with the profits shared 50:50 on exit, post repayment of any Senior Lending. Depending on the project size and debt requirement we can also provide the Senior Debt.
If you would like to find out more about any of our services i.e. mezzanine finance, equity finance, developer equity release, pre-planning finance or bridging finance loans, please contact us below.
For any enquiries or questions, please contact the Assured Team. Will make sure to respond to you quickly!