Dorado deploys funding across the whole spectrum of the capital stack from first mortgages through to equity.


Dorado provides registered first mortgage funding where there are attributes to the loan that may prohibit it conforming with covenants required by traditional banks.

View First Mortgage Case Studies


Mezzanine debt ranks behind the senior bank and is subordinated to the bank’s position. The facility incurs an interest cost, usually not linked to the profitability of the project, though if structured as a participating mortgage it has both an interest and profit-share component.

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Sometimes referred to as structured equity the key attribute is that the repayment of capital occurs in advance of and in priority to the repayment of ordinary equity. There is no registered mortgage on preferred equity.

View Preferred Equity Case Studies


Dorado co-invests alongside the core equity provided by the project sponsors. On some occasions this equity investment is a ‘follow-on’ from an earlier involvement as a lender to a project. At other times it facilitates a core buy-and-hold position in a long-term asset.

View Equity Case Studies