Mezzanine construction financing for retail-entertainment, mixed-use and hotel development
The market for construction finance evaporated during the credit crisis and has not returned due to lenders risk-aversion and equity investors’ outsized return targets.
What We Do
We provide the mezzanine tranche of construction loans in partnership with senior lenders. We leverage our experience in retail-entertainment development to identify high-quality projects that are stuck because of the absence of junior construction debt on reasonable terms. Our capital catalyzes the development and bridges the gap separating lenders and developers.
WestMill may invest equity and participate in the development, depending on the project characteristics.