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 5m 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.

Engagements ordinarily combine a retainer with a success fee. Terms are agreed in writing before work begins and calibrated to the mandate’s size, scope and complexity.

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 undertakes corporate finance, financing, M&A and fund-placement mandates from USD 5m upwards, subject to mandate fit, diligence, applicable regulation, capacity and a written engagement. The partner team has originated and led $2+ billion of transactions.

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

Yes. Confidential information is handled under the engagement terms and any applicable non-disclosure agreement.