Excellion is an active mezzanine lender with significant experience in a range of real estate assets. This includes investment assets as well as developments – for the latter, in particular, residential developments in London. We have, for example, extended several loans against partially constructed developments where there was a desire to improve specification or where the project had experienced a cost overrun.
Having acted in a mezzanine capacity in partnership with various senior lenders, we have pre-agreed intercreditor terms at the ready. This enables us to determine swiftly if a mezzanine loan works in a specific situation.
Our team takes a pro-active approach to underwriting loans, applying a real sense of urgency whilst avoiding unnecessary complexity, costs and delays.
| Loan-to-Value |
60 – 75% |
| Loan-to-Cost | 60 – 80% |
| Asset Classes |
|
| Size | £0.75 – £3.0m per loan |
| Tenor | 6 – 24 months |
| Rate | 1.15 – 1.50% p.c.m. |
| Geography |
|
| Type of borrower | Individual, UK corporate, Offshore Co. (Jersey, BVI, etc.) subject to offshore legal opinions |
Conventional term loans, short term bridge loans and 'stretch senior' – all at highly competitive rates. Secured on attractive UK assets.