Mezzanine capital
Equity-like subordinated capital to address an equity gap, fund land or construction, or release capital, alongside bank finance.
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Structured real estate finance · Germany, Austria and Switzerland
Real Estate Finance for Professional Property Projects
Developers, investors and portfolio owners need capital structures suited to their project stage, equity and repayment strategy. Alternate Immobilien GmbH works through its division Alternate Capital to structure and arrange real estate finance from €750,000 to €180 million, with discretion, thorough preparation and realistic assessments.
30+ years of experience across our team in property finance, development and lender relationships.
Germany, Austria and SwitzerlandGermany · Austria · Switzerland
€750,000 – €180 millionFinancing volume per project
9 financing optionsSenior, whole loan, bridge, mezzanine and more
Our lender networkBanks and alternative lenders
Our role
One point of contact for your entire capital structure
For larger property projects, finance is rarely a standard product. Whether you need funding for land acquisition, construction, an interim period or refinancing an existing property, the capital structure must be understandable to banks and alternative lenders and give the project a realistic path to completion.
Alternate Immobilien GmbH brings together the financing expertise of its Alternate Capital division. We assess the options that suit your circumstances, prepare documents to lender standards and approach suitable providers through a network developed over many years.
- Professional market participants: Developers, investors, portfolio owners and condominium conversion investors.
- All project stages: Acquisition, planning permission, construction, completion, exit, refinancing and existing investments.
- All asset classes: Residential, commercial, mixed-use, hotels, care properties, land and portfolios.
Services
Nine ways to finance a property project
Each financing option serves a different purpose. We assess the structure, or combination of structures, that fits your project and support your application through to the lender’s decision.
Whole loans
An integrated debt structure from a single provider, reducing the need to coordinate multiple lenders.
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First-ranking finance as the foundation of the capital structure, typically from banks or institutional lenders.
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Interim funding for time-sensitive acquisitions or to bridge the period before bank drawdown, refinancing or exit.
View serviceProperty development finance
Land, ancillary development costs, construction, MaBV instalments and sales brought together in a workable funding plan.
View serviceDebt advisory
Preparing the capital structure, documentation and lender outreach so your application is ready for a meaningful market assessment.
View serviceInvestment property finance
Individual property and portfolio finance for investment owners, including Refinancing and Additional borrowing.
View serviceCondominium conversion finance
Acquisition, refurbishment, condominium conversion and individual unit sales, structured through bridge, senior or mezzanine finance.
View serviceCommercial real estate finance
Commercial property, mixed-use assets and portfolios: finance for businesses and investors beyond the residential sector.
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Process
Turning a funding requirement into a finance proposal lenders can assess
Lenders can decide more efficiently when documents are complete, credible and prepared to market standards. Our process is designed around that requirement.
Step 01
Gather the key facts
Location, asset class, project stage, funding requirement, equity, security, timetable and planned repayment.
Step 02
Assess the structure
Which financing option, or combination of options, suits the circumstances and risk profile of the project?
Step 03
Prepare the documents
We prepare the application so banks and alternative lenders can carry out an efficient, reliable assessment.
Step 04
Approach suitable lenders
Targeted, discreet outreach to suitable lenders from our established network, through to the decision.
Important: We do not promise fixed interest rates, guaranteed approval or universal eligibility for finance. Terms and lender responses can only be assessed reliably after the documents have been reviewed.
30+Years of combined team experience in property finance and development
3 countriesOur focus: Germany, Austria and Switzerland
9Financing options, from senior loans to debt advisory
€180 millionFinancing volume per project, starting from €750,000
Who we work with
Clients and typical financing needs
From land acquisition to exit
Acquisition, planning permission, construction, equity gaps or exit, structured through project finance, bridge finance, mezzanine or whole loans.
Financing in line with MaBV requirements
Developments, presales, bank structures and equity requirements: development finance combined with mezzanine capital or senior loans.
Acquisitions and portfolio growth
Acquisition, repositioning or refinancing through senior loans, whole loans, investment property finance and bridge loans.
Releasing liquidity from existing properties
Refinancing, additional borrowing and individual property or portfolio finance: releasing capital without selling assets.
Convert, refurbish and sell
Acquisition, condominium conversion, refurbishment and individual unit sales, with short-term structures and a clear repayment strategy.
Cases we do not cover
Very small funding requirements below approximately €750,000, private consumer enquiries with no professional project context, and full financing with neither equity nor security.
Regions
Real estate finance in Germany, Austria and Switzerland
Based in Bavaria, working across Germany, Austria and Switzerland: digitally, discreetly and independently of location. What matters is not the location alone, but the quality of the project, security, equity and repayment strategy.
We structure real estate finance throughout Germany, Austria and Switzerland — including locations beyond the cities listed here. We cover major cities such as Munich, Berlin, Hamburg, Frankfurt am Main, Stuttgart, Cologne and Leipzig, as well as growing secondary locations and rural areas. In Austria we support projects in Vienna, Graz, Linz and Salzburg, among other locations (see Property finance in Austria); in Switzerland our coverage includes Zurich, Basel, Geneva and Bern.
MunichBerlinHamburgFrankfurtStuttgartDüsseldorfCologneNurembergLeipzigViennaGrazSalzburgZurichBaselGeneva
Podcast and video
Property finance knowledge to listen to and watch
Our podcast and YouTube channel explain mezzanine capital, whole loans, bridge loans and additional property borrowing in practical, accessible language.
Our media hub brings together all episodes and videos, alongside the related financing services.
Original recording in German.
Frequently asked questions
Property finance explained
Which types of real estate finance does Alternate Immobilien GmbH arrange?
Through our Alternate Capital division, we structure and arrange senior loans, whole loans, bridge loans, mezzanine capital, development finance, investment property finance, additional borrowing, condominium conversion finance and debt advisory services.
What is the minimum funding requirement?
A useful starting point is a funding requirement of approximately €750,000 per project. We support financing of up to around €180 million, depending on the structure, security and type of finance.
Which regions does Alternate Immobilien cover?
Our financing focus is Germany, Austria and Switzerland. We also support selected Overseas properties in Dubai and Morocco, from property selection to completion.
Are fixed interest rates or financing approval guaranteed?
No. Terms depend on the project, location, equity, security, term and repayment strategy. Reliable assessments require a review of the documents and discussions with suitable lenders. That is precisely where we support you.
How do I submit a financing enquiry?
The quickest way is through our Initial assessment: send the key details, including the location, project type, funding requirement and equity. We will respond with an initial assessment of the structure and next steps.
Next step
Request an initial finance assessment
Submit the key project details using our enquiry form. We will review your circumstances and respond with an initial assessment of the structure, feasibility and possible next steps.
About the author
Jürgen Kronawitter
Jürgen Kronawitter specialises in structured real estate finance. He helps property investors, developers and portfolio owners implement complex financing solutions. His work focuses on structuring and arranging senior loans, whole loans, mezzanine capital and bridge loans, as well as tailored financing for acquisitions, investment properties, developments and refinancing. By combining conventional bank lending with alternative capital sources, he develops financing structures for domestic and international property projects.
Jürgen Kronawitter on LinkedIn → More about the author