Greater London · London

Mezzanine finance for Croydon developers

Second-charge development funding to 90 to 95 percent of cost, priced against Croydon's own evidence: 3,279 recorded sales in the last 12 months and 1,169 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.

All of Greater London

£417k

Median sold price, 12m

3,279

Sales recorded, 12m

1,169

Units in live applications

£420m

Estimated pipeline GDV

The Croydon 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 Croydon deal starts with the local evidence. Over the last 12 months the town recorded 3,279 sales at a median of £417,000, up 3 percent year on year. New build stock commands a discount of about 7.9 percent to existing homes on 32 new build completions, which matters directly to how we read a developer's sales assumptions.

What Croydon stock actually sells for

Property type	Median sold price, 12m
Detached	£715,000
Semi-detached	£540,000
Terraced	£430,000
Flats	£267,500

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

Live planning activity at London Borough of Croydon

Over the last 3 months our monitors logged 190 relevant applications, 0 approved and 190 awaiting decision. Together the live residential applications propose 883 units with an estimated end value of £302m.

Schemes moving through planning now

Proposal	Units	Status
Change of use from offices (Use Class E) to residential (Use Class C3) to create 250 self-contained flats under Schedule 2, Part 3, Class MA of the Town and Country Planning (General Permitted Development) (England) Orde…	250
Construction of two linked blocks comprising residential dwellings and associated amenity space, together with disabled car parking spaces, cycle parking, refuse stores, plant, and hard and soft landscaping. (The develop…	179
Change of use from commercial (Use Class E) to residential (Use Class C3) to provide 112 flats under Schedule 2, Part 3, Class MA of the Town and Country Planning (General Permitted Development) (England) Order 2015 (as…	112
Outline planning application with all matters reserved except access for the demolition of existing buildings and structures and the erection of buildings to provide residential units estimated to be 103 dwellings (Class…	103

Sourced from London Borough of Croydon public register. If one of these is your scheme, we already know the context.

Gap funding for Croydon 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 Croydon scheme with the leverage calculator, or see the wider county picture on our Greater London page and the national view in the UK development pipeline tracker.

Indicative terms in Croydon

Loan size£250k to £5m
Combined leverageUp to 90 to 95% LTC
Term6 to 36 months
PricingFrom 12% a year
SecuritySecond charge plus PGs
DecisionTerm sheet in 48 hours

Indicative only; every loan is priced case by case.

FAQ

Mezzanine in Croydon, answered

Do you fund developments in Croydon?

Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Croydon and across Greater London, typically taking combined leverage to 85 to 95 percent of cost alongside a senior facility. Where a case suits another funder better, we arrange it whole of market.

What does the Croydon market look like right now?

Over the last 12 months Croydon recorded 3,279 sales at a median of £417,000, up 3 percent year on year. The live planning pipeline holds 1,169 units with an estimated GDV of £420m. The figures on this page refresh as the underlying Land Registry and planning data updates.

Does new build stock sell at a premium in Croydon?

On the last 12 months of Land Registry data, the 32 new build sales in Croydon priced about 7.9 percent below comparable existing stock. That premium is one of the first numbers we check when we underwrite a Croydon appraisal.

How quickly can a Croydon scheme get terms?

A complete enquiry gets a considered credit view and term sheet inside 48 hours, and typical enquiry to drawdown is 4 to 6 weeks, run in parallel with your senior lender.

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Building in Croydon?

Share the scheme and get a term sheet in 48 hours, underwritten with the same Croydon evidence on this page.