Is financing property projects through mezzanine capital the solution?

This paper examines alternative financing in property development. This is not a new concept, but one that had fallen into obscurity due to a lack of awareness among market participants and was revived following the financial crisis of 2007-2008. What has long been standard practice in Germany is now also gaining ground in Austria. Numerous financial players, both large and small, are offering solutions and pointing the way out of the rigid and bureaucratic banking system.