03

STRUCTURED CAPITAL

When conventional capital is not enough.

Bespoke debt and equity solutions for property transactions that require a more considered structure.

Facility sizeFrom £1mCapitalDebt & equityStructureCase by case

THE FACILITY

Start with the objective, not the product.

Some real-estate opportunities do not fit standard lending definitions. The appropriate solution may involve structured debt, equity participation or a combination of capital.

We begin with the commercial objective, assess the asset and wider transaction, then determine whether a structure can be created that aligns risk, reward and the interests of all parties.

WHERE IT FITS

Capital for clearly defined property opportunities.

01

Acquisition

Bespoke capital for an opportunity that cannot be delivered through senior debt alone.

02

Recapitalisation

Reshaping the capital stack to create liquidity, stability or a route forward.

03

Special situation

A time-sensitive or complex transaction requiring focused commercial judgment.

04

Joint venture

Aligned capital for sponsors with a compelling project and clear business plan.

INDICATIVE CRITERIA

A clear starting point.

We consider the whole transaction rather than relying on a single metric. These parameters provide an initial guide only.

Minimum facility£1 million
Capital typeDebt and equity
LeverageDetermined case by case
PricingBespoke to structure
ParticipationSubject to opportunity
GeographyUK, Ireland and selected Europe
All terms are subject to due diligence and formal credit approval.

WHAT WE CONSIDER

Fundamentals first.

  1. 01The commercial objective and reason a bespoke structure is required
  2. 02The underlying asset, business plan and value-creation strategy
  3. 03Sponsor capability, alignment and capital commitment
  4. 04Downside protection and the realistic routes to repayment or realisation
ILLUSTRATIVE USE

Complete the capital stack.

A sponsor has identified a compelling property opportunity but senior debt does not cover the full capital requirement. Forthill considers whether structured debt, equity or aligned joint-venture capital can bridge the gap.

Discuss a similar opportunity

OUR APPROACH

Bespoke by design.

Structures are agreed case by case and may include structured debt, equity participation, joint-venture capital or private placements.

FROM OPPORTUNITY TO COMPLETION

01Initial reviewShare the asset, funding requirement and intended exit.02Indicative termsWe assess the opportunity and outline a suitable structure.03Due diligenceLegal, valuation and transaction due diligence are coordinated.04CompletionDocumentation is agreed and capital is deployed.

EXPLORE OUR CAPITAL

01Bridging finance02Development finance

START A CONVERSATION

Have an opportunity
for us to consider?

Share the key details and our team will provide a clear initial view.