Secured by a first-ranking mortgage over the project and is repaid in priority to equity and any subordinated lender. We provide senior debt for both land acquisition and construction, either stand-alone or together with mezzanine debt and/or preferred equity. Having a single source of capital from Monark provides certainty to the transaction.

A combination of senior and subordinated debt in one package which is charged at a blended rate and provides a higher LVR than a traditional senior debt facility. By providing a single funding solution the credit and documentation process is streamlined.

Secured by a second-ranking mortgage and is repaid following repayment of the senior debt. The use of mezzanine debt allows a developer to reduce the amount of equity for the project, freeing up capital for use elsewhere

Preferred Equity is repaid after all secured debt has been repaid but before ordinary equity.Preferred Equity offers an alternative to raising additional equity and has the benefit of having a capped return. Preferred Equity can be a more flexible option for developers as it typically doesn’t involve taking security over the land-owning entity or taking a registered mortgage over the land.