Choosing the Right Financing Structure
The same project can be financed with senior debt and equity, with mezzanine on top, with a bond, or with a grant that reduces the capital that has to be raised. Each option changes the cost of capital, the control you keep and the documents you will need. We help you compare the options on the numbers, then build the model and materials for the route you choose.
What we cover
- Bank loans - senior debt, project finance and revolving credit; debt sizing on DSCR and LTC.
- Mezzanine and hybrid capital - subordinated debt and instruments between debt and equity.
- Bonds - corporate, project and green bond structures.
- Equity - venture capital, private equity, angel and private placement rounds.
- Subsidies and grants - EU funds, state aid and innovation grants, combined with private capital.
How we work
- Map the project: cash flow profile, assets, timeline and constraints.
- Model two or three capital stack scenarios side by side.
- Compare cost, risk, dilution and covenant pressure, and agree the preferred route.
- Align the financial model and the investor or lender materials to that route.
Example engagement
A residential development in Eastern Europe required a blend of equity and mezzanine finance. We modelled three capital stack scenarios, validated land and construction cost assumptions, and produced materials for both equity and debt providers. Total project value €25-30M; the capital was raised.
Client name withheld; amounts shown as rounded ranges.
Important
Final terms are always set by the lender or investor. Our analysis supports your decision; it is not a credit decision, an offer or investment advice.
Questions clients ask
Can you tell us which bank will lend?
No one can promise that. We show which structures the numbers support and prepare the materials lenders expect.
Can grants be combined with bank debt?
Often yes, subject to the programme's rules. We model the sequence and the co-financing requirements.