Mezzanine Debt/Preferred Equity
Mezzanine debt and preference equity rank behind the senior bank and is subordinated to the bank’s position.
Sometimes referred to as structured equity, its 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 equity.
Equity sits at the top of the capital stack for development finance.
Equity is repaid in line with all other ordinary equity after the repayment of any structured finance and first mortgage.
To date, Dorado has provided 9 projects, including apartments, townhouses, and house and land with equity finance across two Australian States.
To discuss subordinate finance funding for your next project, get in touch: