Mid-Construction & Mezzanine Financing

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When a real estate development project needs additional capital before completion, securing the right financing structure can make a significant difference.

TDJ Equity Funding helps real estate investors and developers evaluate mid-construction financing, construction completion loans, and mezzanine debt solutions for eligible business-purpose real estate projects.

Whether you're addressing a construction funding gap, managing increased development costs, or evaluating supplemental capital, our approach begins with understanding the project's financial position and completion strategy.

Mid-construction financing may help qualified developers obtain capital for projects already underway.

Potential financing needs include:

• Construction cost overruns
• Insufficient remaining construction loan proceeds
• Contractor and material expenses
• Additional funding required to complete development
• Refinancing or restructuring existing construction debt
• Approved project completion expenses

Financing availability depends on the project's condition, remaining costs, collateral, capital structure, and lender requirements.

Mezzanine financing is a form of subordinate debt that may provide additional capital alongside existing senior financing.

For eligible real estate developments, mezzanine debt may help address a funding gap when traditional senior loan proceeds are insufficient.

Potential applications include:

• Supplemental development capital
• Construction completion funding gaps
• Capital structure optimization
• Eligible project recapitalizations
• Additional financing beyond the senior lender's approved amount

Important: Mezzanine financing is not the same as a traditional first-lien construction loan. It may involve subordinate debt, pledged ownership interests, intercreditor arrangements, and consent from existing lenders.

TDJ focuses on debt financing solutions, not equity investment or joint venture capital raising.

Each project requires an individualized financing assessment.

TDJ's review may include:

• Project location and property type
• Current construction completion percentage
• Existing construction loan balance and terms
• Current property valuation or appraisal
• Original budget and updated cost-to-complete
• Construction draw history
• Existing liens and lender requirements
• Borrower and developer experience
• Remaining project timeline
• Proposed repayment or exit strategy

1. Funding Discovery Consultation

We discuss the development, existing financing, remaining capital needs, and project objectives.

2. Project & Capital Structure Review

We examine the project's financial information, existing debt, available collateral, construction status, and completion requirements.

3. Financing Structure Assessment

We evaluate whether construction completion financing, supplemental debt, mezzanine financing, or another eligible debt structure may fit the project.

4. Lender Options

Following completion of TDJ's pre-underwriting review, lender-ready transactions may be presented to appropriate financing sources.

An unfinished real estate project requires more than additional capital. It requires a financing strategy that considers the project's current position and path to completion.

Schedule a Real Estate Funding Consultation

Discuss your mid-construction or mezzanine financing needs with TDJ Equity Funding.

All financing is subject to underwriting, lender approval, collateral eligibility, existing lender requirements, and transaction-specific conditions. TDJ Equity Funding does not guarantee financing availability, approval, or terms.