First Merchant Finance

The $6 billion dollar collapse of the secondary debt market throughout 2007-08 happened more quickly, with more widespread consequences than most market analysts anticipated.  While statutory management, moratorium or wind-down have claimed the majority of players, the widespread market perception that mezzanine debt is no longer available is incorrect. Corporate and private lenders are still available for commercial and development funding on second mortgage basis.  An increased receptiveness to funding proposals combined with a growing willingness to negotiate terms and conditions of loan offers suggests that the 18 month period of market contraction has ended.