Mezzanine finance for Coventry developers
Second-charge development funding to 90 to 95 percent of cost, priced against Coventry's own evidence: 2,989 recorded sales in the last 12 months. We lend from our own book and arrange whole of market where that serves you better.
The Coventry 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 Coventry deal starts with the local evidence. Over the last 12 months the town recorded 2,989 sales at a median of £220,000, flat 0 percent year on year. New build stock commands a premium of about 54 percent over existing homes on 20 new build completions, which matters directly to how we read a developer's sales assumptions.
What Coventry stock actually sells for
| Property type | Median sold price, 12m |
|---|---|
| Detached | £375,000 |
| Semi-detached | £260,000 |
| Terraced | £209,960 |
| Flats | £125,000 |
HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.
Gap funding for Coventry 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 Coventry scheme with the leverage calculator, or see the wider county picture on our West Midlands page and the national view in the UK development pipeline tracker.
Indicative terms in Coventry
- 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.
Mezzanine in Coventry, answered
Do you fund developments in Coventry?
Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Coventry and across West Midlands, 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 Coventry market look like right now?
Over the last 12 months Coventry recorded 2,989 sales at a median of £220,000, flat 0 percent year on year. The figures on this page refresh as the underlying Land Registry and planning data updates.
Does new build stock sell at a premium in Coventry?
On the last 12 months of Land Registry data, the 20 new build sales in Coventry priced about 54 percent above comparable existing stock. That premium is one of the first numbers we check when we underwrite a Coventry appraisal.
How quickly can a Coventry 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.
More West Midlands markets
Solihull
1,640 pipeline units, £537m est. GDV
View Solihull → West MidlandsWest Bromwich
30 pipeline units, £6.3m est. GDV
View West Bromwich → West MidlandsWolverhampton
31 pipeline units, £4.3m est. GDV
View Wolverhampton → West MidlandsBirmingham
7,146 sales, median £220k
View Birmingham → West MidlandsDudley
2,866 sales, median £230k
View Dudley →Building in Coventry?
Share the scheme and get a term sheet in 48 hours, underwritten with the same Coventry evidence on this page.