The product allows the senior debt to remain at 65% LTV or below and will sit behind Goldentree’s senior debt products, so no extra security is needed.
Goldentree added that the product will be for loans between £100,000 to £250,000 with fixed interest only pricing and no fees or profit shares.
Steve Marsh, managing director of Goldentree, added: “Developers and introducers currently have to work hard to fund small amounts of mezzanine funding.
“This product allows senior and mezzanine funding to be sourced in one hit.”
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