Mezzanine capital
subordinated capital, which closes the gap between senior loan and own funds – for construction phase, land or capital release.
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Services · Financial intermediation
Real Estate Finance Brokerage: Our Services
As an intermediary for real estate finance, Alternate Immobilien GmbH structures the complete capital side of professional real estate projects through its Alternate Capital division: first-ranking loans, total financing, interim finance, subordinated capital and advice on the optimal capital structure.
Assessment
Why a Real Estate Finance Intermediary Makes a Difference Today
The days when the existing bank financed every real estate project are over. Increased interest rates, stricter capital requirements and regulatory requirements have changed lending: banks are looking more selectively, decision-making is longer, and many projects today need multiple sources of capital at the same time – such as one Senior loans plus Mezzanine capital for the equity gap.
A specialized real estate loan broker knows the current requirements of the lenders, knows which address finances which risk profile and prepares inquiries in such a way that they are efficiently verifiable. This saves time, prevents cancellations due to avoidable form errors – and gives you comparison offers that you alone would hardly receive. More about when this is worthwhile, read in the guide “Real Estate Loan Intermediary – Makes Sense?”.
- Market access: Banks, debt funds, family offices and institutional lenders from one network.
- Structuring competence: appropriate combination of first-ranking capital, subordination and own funds.
- Negotiating position: professionally prepared documents and parallel addressing of suitable addresses.
Services
Nine financing components – one point of contact
Each service page explains the application, requirements, advantages and limitations of the respective module – including podcast episodes and videos on the topic.
Whole loans
One financing instead of two: first-ranked and subordinated capital bundled at a lender – fast and with little coordination.
View serviceSenior loans
The primary basis of any capital structure – via banks or institutional lenders, for purchase, construction and portfolio.
View serviceBridge finance
interim finance, when time is the critical factor: purchase under time pressure, bridging until the bank payout or for sale.
View serviceBridge loan
The short-term real estate loan for professional investors – with clear exit logic via sale or refinancing.
View serviceProperty development finance
Land, construction costs, MaBV instalments and sales within a workable structure, with mezzanine funding where appropriate.
View serviceInvestment property finance
Individual property and portfolio finance for investment owners, including Refinancing and Additional borrowing.
View serviceCondominium conversion finance
Purchase, refurbishment, division, retail sale: short-running structures with realistic sales logic for condominium conversion projects.
View serviceDebt advisory
Capital structure, documents, approach to investors: the advisory service behind every successful financing request.
View serviceAdditional: Commercial real estate finance for commercial, mixed-use and portfolio properties as well as Real estate finance in Austria for projects in the neighbouring market.
Volume and Criteria
For which projects we are the right mediator
So that we do not waste your time – and you can take our assessment seriously – here are the criteria against which we measure inquiries.
| Concentration | Orientation |
|---|---|
| Volume of financing | from about €750,000 up to about €180 million per project |
| Regions | Germany, Austria, Switzerland – metropolises as well as B and C locations |
| Asset classes | Housing, commercial, mixed-use, hotel, care, land, portfolios |
| Who we work with | property developers, property developers, investors, property investors, condominium conversion investors |
| equity / collateral | Project dependent; robust own funds or value collateral required |
| Outside our focus | Minimum volumes, private construction financing without project reference, 110 % financing |
Process
From First Contact to lenders Decision
Step 01
Initial assessment
You shall provide the basic data on: Form of form. We report with an initial classification – honestly, even if it is “not so financeable”.
Step 02
Structure and documents
Together, we define the capital structure and prepare the documents in line with the market: exposé, figures, collateral, repayment.
Step 03
Lender outreach
We specifically address the addresses whose criteria fit the project – discreetly, in parallel and with a clear schedule.
Step 04
Negotiation and conclusion
Compare term sheets, negotiate terms, coordinate payout – until the capital is where your project needs it.
Remuneration: Our remuneration is performance-related and is agreed transparently in advance. There are no hidden fees and no advance payment for “exams”.
Frequently asked questions
Financing – briefly answered
What does it cost to arrange real estate finance?
The remuneration is dependent on success and depends on the volume and complexity of the financing. It is agreed in writing before the start of the cooperation – at no cost for the initial estimate.
Does the intermediary replace the bank?
No. We mediate and structure – the capital comes from banks, debt funds, family offices or other institutional lenders. Our task is to find the appropriate address and make the request verifiable.
How long does a financing commitment take?
This depends on the type of financing, document quality and lenders. Bridge and whole loan structures can often be implemented in a few weeks, classic bank financing takes longer. You will get a realistic schedule with the initial estimate.
Do you work with fixed lenders?
We are unbound and select the addresses for each project from the network whose purchase criteria fit. This keeps the competition for your financing open – and improves your conditions.
Independence
Real Estate Finance Intermediaries: Why Independence Counts
The most important value of a real estate finance intermediary is its independence. If you are not tied to a single lender, you will choose the address for each project from the entire market whose lending criteria fits best – bank, debt fund, insurer or family office. This unbinding keeps the competition for your financing open and has a direct impact on margin, expiration and secondary conditions.
A tied agent sells the product of his home; an independent real estate finance broker is looking for the best solution for the customer. This difference is particularly evident in difficult constellations: When the existing bank cancels, this rarely means “not financeable”, but only “does not fit into our grid”. Alternative lenders think differently – you just have to know them and address them correctly.
In addition, there is the transparency of the remuneration: performance-related, pre-agreed, without hidden surcharges on the condition. Thus, the interest of the broker for real estate finance remains congruent with that of the customer – a deal on good terms. It is on this basis that we work for property developers, property developers, investors and property investors throughout the Germany, Austria and Switzerland.
Next step
Which structure fits your project?
Submit the key data – we will arrange which financing component or which combination will best support your project.
Further specialist reading: Deutsche Bundesbank ↗
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