Mezzanine financing growing
Mezzanine financing of property developments is booming, despite the well publicized problems of the Westpoint schemes. Property finance provider Ashe Morgan Winthrop has recently raised its mezzanine capacity to $100 million. HBOS subsidiary BankWest was also firmly in the Mezzanine financing market. Mezzanine schemes ranked below the primary lenders on the priority list for security and attracted higher returns as a result.