Solutions
Advice across the real estate capital structure.
Four capital solutions, and the advisory capabilities that carry a transaction from strategy through to settlement.
Capital solutions
Senior debt
We advise on senior secured facilities for acquisitions, investment assets, developments, refinancings and transitional real estate strategies.
Senior debt may be provided by banks, non-bank institutions or private credit funds, depending on the asset, sponsor, leverage and execution requirements. We help clients assess not only pricing, but proceeds, covenants, amortisation, recourse, conditions precedent and flexibility through the life of the facility.
Senior stretch finance
Senior stretch finance can provide higher leverage than conventional senior debt while retaining a single-lender or unitranche-style structure. It may suit a sponsor requiring additional proceeds, reduced upfront equity or greater flexibility than a traditional bank facility allows.
We work with clients to assess whether the additional leverage supports the business plan, and whether pricing, controls and exit requirements remain commercially appropriate.
Mezzanine finance
Mezzanine finance can bridge the gap between senior debt and sponsor equity. It may support acquisitions, developments, recapitalisations and other situations where the sponsor seeks additional leverage while preserving ownership capital.
We help clients assess the full implications, including ranking, intercreditor arrangements, pricing, repayment priority, enforcement rights and alignment with the senior facility.
Blended capital solutions
Some transactions require more than one source of capital. JPS can help structure and coordinate solutions involving senior debt, senior stretch, mezzanine finance and sponsor equity.
Our role is to ensure each layer works coherently with the broader transaction, and that the rights, obligations and repayment strategy are clearly understood.
Capabilities
From strategy through execution.
Capital strategy and structuring
We assess the real estate asset, borrower, business plan and proposed exit to determine an appropriate financing strategy, considering leverage, serviceability, facility term, interest treatment, equity contribution, security structure, ranking, covenants and execution risk.
The objective is not simply to maximise proceeds. It is to establish a structure with a credible path from settlement to repayment.
Capital placement
We prepare and present opportunities to suitable banks, non-bank lenders, private credit funds and mezzanine capital providers, with each process designed around the specific requirements of the transaction.
We help clients position the opportunity, anticipate lender concerns, manage information requests and compare proposals across price, structure and certainty of execution.
Refinancing and recapitalisation
We advise clients approaching maturity, seeking additional liquidity or reconsidering an existing capital structure: refinancing an incumbent lender, consolidating facilities, introducing senior stretch or mezzanine capital, extending duration or restructuring debt to better support the underlying strategy.
Our focus is preserving optionality and avoiding rushed decisions as critical dates approach.
Development and transitional finance
We assist with transactions where value depends on future milestones rather than current income alone: planning and permit strategies, land subdivisions, construction, residual stock, lease-up, repositioning and other transitional real estate situations.
We help translate the business plan into a financing structure that capital providers can assess, approve and monitor.
Lender negotiation and execution
Financing terms extend well beyond leverage and headline pricing. We help clients assess and negotiate conditions precedent, covenants, reporting obligations, valuation requirements, drawdown mechanics, interest reserves, prepayment provisions, guarantees and other material facility terms.
We coordinate with clients, lenders, lawyers, valuers and other advisers through due diligence, credit approval, documentation and settlement.