Goldentree launches new mezzanine product

Goldentree Financial Services has introduced a new mezzanine finance product for housebuilding and development deals.

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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