Mezzanine finance for Penrith developers

The Penrith market, in numbers we underwrite from

A mezzanine loan is a view on whether a scheme will sell at the price its appraisal claims, so every Penrith deal starts with the local evidence. Over the last 12 months the town recorded 486 sales at a median of £236,000, down 7.5 percent year on year.

What Penrith stock actually sells for

HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.

Gap funding for Penrith schemes

The structure is the same one we write everywhere: your senior lender keeps first charge and funds the majority of cost, our mezzanine finance takes a second charge over the next slice, and your equity requirement falls, typically from around 35 percent of cost to 5 or 10. Terms run 6 to 36 months, pricing is indicatively from 12 percent a year, and a complete enquiry gets a term sheet inside 48 hours. Model a Penrith scheme with the leverage calculator, or see the wider county picture on our Cumbria page and the national view in the UK development pipeline tracker.