2nd Mortgage Finance
In recent years, the depth and availability of 2nd mortgage finance has diminished considerably.
We understand that in some specific situations, there is a genuine need for 2nd mortgage financing. Due to the nature of this form of funding, it is crucial that you work with an arranger that truly understands the market.
Mezzanine Funding
Mezzanine finance is a form of subordinated debt that ranks behind the senior debt in terms of any claim on the secured assets, but ahead of the borrower’s equity.
Mezzanine debt is generally secured by a second mortgage and a second ranking general security agreement over the assets of the borrowing entity. Mezzanine debt can fill the gap between the your equity and the amount of senior debt available.
Used efficiently, mezzanine funding allows more efficient leverage of your equity, which can be used for other projects or risk mitigation.
At Portcullis Capital, we have the experience in structuring these specialist lending transactions, plus a full understanding of when this funding can be best utilised.