Development finance across the capital stack.

A well-structured development is funded across multiple layers. Senior debt, typically from a bank or major non-bank, sits at the lowest cost and the lowest LVR. Mezzanine debt fills the gap between senior debt and the developer's equity contribution, at a higher rate and often with some form of exit fee or equity kicker. Preferred equity and pure equity sit at the top of the stack, taking the highest risk and the highest return.

Hypercube works across the stack — we're not a single-lender desk. That means we can bring a senior lender and a mezzanine provider to the same deal, negotiate the intercreditor arrangement, and structure the project so the developer keeps as much control (and equity) as possible.