Senior Debt

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Senior debt is a first charge development finance loan. The lender may fund up to 65% of the Gross Development Value or up to 80% of the total development project costs. It is generally the cheapest form of development finance and sits as the first layer of debt within the capital stack. The senior debt lender will normally take their money first when the project is finished.

There is a very wide range of lending available so expertise is highly valuable for any developer considering taking on senior debt to fund their project.

Senior Debt Key Features:

  • Loans from £1,000,000 with no maximum loan cap
  • Up to 3 years
  • Interest rates from 4%
  • Across Europe
  • Multiple sectors
  • Residential, commercial, mixed use, land, hotels, industrial, retail, later living, care homes

Senior Debt – Getting The Best Deal

When applying for senior debt, the experience and portfolio of the developer can influence the lender’s offer. At Mesa Financial we are highly experienced at putting forward the best case on behalf of our developer clients to ensure the best possible senior debt offer. This includes first time developers as well as those with a long-standing reputation.

With such a wide range of senior debt lending available, you need specialists who can access the whole market and delve into the detail beyond the headline rates and features. Read our blog about five things you should consider before you look into development funding.

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