Mezzanine & Development Gap

When senior debt and available equity don't fully fund the project.

Often a LandCo pledge and step-in rights, with an equity participation.

It is the lender’s security over the SPV that owns the land — usually a share pledge with step-in rights. If the project stalls or defaults, the mezzanine lender can take control of the LandCo and complete or sell the project, which is what allows lending beyond the senior facility.

Mezzanine preserves ownership: the developer pays a defined return and keeps the upside, which suits projects with strong margins and visible sales. Selling equity shares both risk and upside, and suits earlier-stage or thinner-margin projects. The decision turns on projected margin versus the cost of the gap capital.

From sales proceeds after the senior facility, through an agreed waterfall — typically once escrow-controlled collections have covered construction and senior debt service, the surplus flows to the mezzanine. Some structures add an equity kicker, paid at project completion or refinancing, on top of the coupon.

Matchpoint structures the full capital stack for UAE developers — senior secured debt, mezzanine with LandCo control, project finance, land acquisition finance, Sukuk and private credit, plus JV equity and bulk inventory sales. Tickets range from USD 20m to USD 500m+.

Land acquisition finance is bridge or term debt to fund the purchase of development land before construction. We arrange programmes — including Sukuk and private credit at ~8.5%–12% target yields — for developers in Yas Island, Reem Island, SZR and Dubai Islands.

A bulk inventory sale is the disposal of a block of completed or off-plan units to a single investor or institution at a negotiated discount. We run bulk SPA, OQOOD assignment and milestone-payment processes for developers seeking liquidity.

Matchpoint works primarily on a success fee, with a modest retainer to cover execution. Fees are agreed in writing up front and scaled to the size and complexity of the transaction — with no hidden costs.

Most mandates reach a first term sheet within 30 days, depending on diligence readiness and structure; closing follows once terms are agreed.

A short, confidential scoping call and NDA; we structure the requirement and prepare materials, then run a competitive process across our 5,000+ investor and lender relationships, and negotiate to close — with a partner leading at every step.

Matchpoint Partners is based in the UAE and runs cross-border mandates across the UAE, KSA, India and the UK, with active deal activity in wider Europe, Singapore and the United States.

Matchpoint has originated and led $2+ billion of transactions, with equity tickets typically USD 5m–300m, debt USD 10m–500m+, real estate finance USD 20m–500m+, and fund placements for funds of USD 50m–1bn+.

Use the enquiry form, email ck.adya@matchpoint-partners.com, or call/WhatsApp +971 52 345 1119. Every mandate is led by a partner from the very first conversation.

Yes. Matchpoint runs discreet, confidential processes and discloses client identities only under a signed non-disclosure agreement (NDA).