This variant represents a single-lender senior structure where core and additional advances are documented within one first-charge facility. Within the capital stack, it stretches senior debt to deliver higher leverage while retaining priority security. The approach reduces intercreditor complexity, limits duplicated legal charges, and aligns pricing within a unified facility, commonly used where experienced borrowers require enhanced funding capacity in development finance.
Related resources: Full Capital Stack Glossary | Interactive Map | Static Map
1st Charge + Top-Up in Same Loan is a Variant of the Stretch Senior Loan Type, sitting within the Senior Debt 1st Charge Class under the Debt Category in UK property development finance. This hierarchy shows its precise function within the capital stack. It combines senior funding and top-up under one charge. This increases leverage without debt or second charges.
Debt → 1st Charge + Top-Up in Same Loan: Variant
Debt is a core Category in the capital stack for UK property development finance. This hierarchy highlights its influence over deal structure and economics. It represents borrowed capital repaid with interest over an agreed term, typically secured against property or land. Different debt instruments carry varying priority, risk allocation, and pricing within development funding structures.
Debt → Senior Debt 1st Charge → 1st Charge + Top-Up in Same Loan: Variant
Senior Debt 1st Charge is a Class within the Debt Category in UK property development finance. This hierarchy makes the Class’s role in the capital stack clear. It represents the primary secured loan with first legal charge and repayment priority. It typically funds acquisition and construction costs and carries lower risk due to senior security.
Debt → Senior Debt 1st Charge → Stretch Senior Loan → 1st Charge + Top-Up in Same Loan: Variant
Stretch Senior Loan is a Type within the Senior Debt 1st Charge Class, under the Debt Category in UK property development finance. This structure shows how different funding partners use the Type in practice. It combines base senior funding with additional leverage under a single first charge. The structure increases loan size without separate mezzanine debt for suitable borrowers.
Debt → Senior Debt 1st Charge → Stretch Senior Loan → Variants
High-LTV Development Finance is a Variant of the Stretch Senior Loan Type, sitting within the Senior Debt 1st Charge Class under the Debt Category in UK property development finance. This structure illustrates its impact on deal viability and funding efficiency. It permits higher gearing within one senior facility beyond norms. The approach reduces reliance on subordinate capital while preserving priority.