Mezzanine Funding - Top Up
2. TOP-UP – this is where the mezzanine lender looks for a contribution from the developer of between 5% and 10% (currently nearer 10%).
They will generally charge the developer a monthly interest charge based on the outstanding monies owed at month end. Typically between 1.75% and 3% of the outstanding balance at month end.
At Manta Finance, we can organise both the senior debt, and mezzanine finance to offer a total solution to your property development.
The main difficulty of course, is that each property development varies in design, integrity and requirement. It is difficult, therefore, to publish exact figures and to this end ask that you call us on 01273 852480 to discuss your requirements.