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Financing

Structuring Real Estate Finance.

Financing from senior debt to equity partnerships – tailored, not off the shelf.

from € 10m

Financing volume

up to 85%

Loan-to-cost

48 hrs

First indication

8,000+

Capital Providers & Investors

Two advisors analysing financial metrics and charts together
AI-generated

Capital structure

How a structure comes together

A typical development stack: the bank covers the safe part, mezzanine closes the gap, equity carries the rest. The percentages shift with location, pre-letting and sponsor.

Senior debt60 %
Mezzanine / whole loan25 %
Equity15 %

Schematic illustration, not a financing commitment.

  1. 01

    Senior debt

    0 – 60 % LTC

    Bank or debt fund, first-ranking security

  2. 02

    Mezzanine / whole loan

    60 – 85 % LTC

    Subordinated, often with a PIK element

  3. 03

    Equity

    85 – 100 % LTC

    Sponsor, family office or JV partner

Comparison

What the building blocks cost – and how fast they move

A rough read from live mandates. In a single case it shifts with location, pre-letting and sponsor.

InstrumentCost of capitalSpeed to close

Senior debt

First ranking

Whole loan

First ranking, stretched

Mezzanine

Subordinated

Equity

Last ranking

Process

From enquiry to drawdown

  1. Step 01

    First conversation & key data

    We clarify asset, volume, timeline and existing financing – confidentially and with no obligation.

  2. Step 02

    Structure proposal

    Within 48 hours you receive an assessment of a workable structure, a realistic leverage level and the cost range.

  3. Step 03

    Document preparation

    Teaser, calculation and cash-flow model are prepared the way credit committees and investment committees expect them.

  4. Step 04

    Capital providers in competition

    Parallel approach to suitable houses from more than 8,000 capital provider and investor contacts – simultaneously, not sequentially.

  5. Step 05

    Term sheets & negotiation

    Comparison of offers along margin, fees, covenants and prepayment – and renegotiation of the critical points.

  6. Step 06

    Due diligence & drawdown

    Support through review, documentation and funding, together with your legal and tax advisers.

The best financing is rarely the cheapest on paper – it is the one that still holds when things are delayed.
Sabiene Münch · Managing Director, Fox Capital

FAQ

The questions we hear most

Short answers from day-to-day mandates – including when a neighbouring service is the better route.

What deal size makes structured financing worthwhile?

We work from around EUR 10m. Below that, running a lender process rarely pays for itself. The gap between an off-the-shelf offer and a structured solution quickly runs into six figures.

How fast do we get a reliable indication?

With property documents, calculation and track record in hand: 48 hours for a first range. A signature-ready term sheet takes two to five weeks depending on complexity.

What if no bank comes along?

We look at debt funds, mezzanine or whole loans – and show honestly where capital costs start eating the project. At that point a sale through our transactions desk is often the cleaner call.

Why does the transactions side matter in financing talks?

Every lender wants to see the exit. Live sale mandates tell us what comparable assets actually achieve, so the exit assumption is evidence rather than a guess.

When is corporate finance the better route?

When the company needs capital rather than a single asset – growth, refinancing legacy debt or a shareholder change. Then we structure at company level.

Documents

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Need financing?

Send us your key figures – you will receive an initial assessment within 48 hours. If a sale turns out to be the better route, we will say so.

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