- Home
- Real Estate Financing
Real Estate Financing
Capital for real estate projects.
The Sarpal Group arranges capital for real estate projects. We assess the project, design the capital structure, prepare the materials a lender or investor will act on, and coordinate the process with independent financing partners through to close.
What we arrange
The right capital, in the right order.
Most projects do not fail for lack of capital; they fail because the capital arrives in the wrong form, at the wrong time, on the wrong terms. We design the stack first, then arrange each layer with partners who actually fund that layer.
- 01
Construction & development financing
Facilities that fund the build — sized to cost, drawn to schedule, with the covenants a builder can live with.
- 02
Land & bridge facilities
Capital that holds a site or carries a project between milestones while the permanent structure is put in place.
- 03
Term & take-out financing
Long-term facilities that replace construction debt once an asset is stabilized and producing income.
- 04
Equipment & tenant-improvement financing
Financing for the equipment, fit-out and improvements that turn a shell into an operating asset — arranged through an established independent financing partner.
- 05
Mezzanine, preferred & structured capital
The layers between senior debt and common equity, structured so ownership, control and returns stay aligned.
- 06
Capital-stack design & refinancing
A whole-of-project view of sources and uses, timing, and cost of capital — and the path to refinance as the asset matures.
The capital stack
Every layer, designed together.
A project's capital is a system. We map it before we arrange it, so each layer is sized, priced and timed against the ones around it.
- Senior construction / term debt
- Lowest cost · first priority · sized to cost and value
- Equipment & tenant-improvement facilities
- Asset-specific · preserves senior capacity · funds the fit-out
- Mezzanine / preferred capital
- Bridges the gap · structured for alignment
- Sponsor & partner equity
- Control · upside · the layer that governs the rest
How it works
From assessment to close.
- 01
Assess
Project fundamentals, budget, schedule, approvals, sponsor strength and the realistic capital need.
- 02
Structure
Sources and uses, layer by layer — debt, equipment and improvement facilities, structured capital, equity.
- 03
Package
Model, memorandum, data room and the answers a credit committee will ask for before it asks.
- 04
Introduce & coordinate
Independent financing partners matched to each layer; process managed through diligence, terms and close.
Where we add the most value
Projects with more complexity than the market will price on its own.
- Development and construction projects that need more than one layer of capital
- Owners and operators fitting out or expanding an asset who want equipment and improvement financing arranged, not just quoted
- Sponsors preparing a first institutional financing and the materials that go with it
- Special situations: refinancing, recapitalization, or a capital structure that no longer fits the asset
Engagement
Scoped as a mandate.
Financing mandates are scoped with defined deliverables and a fee structure agreed in advance. Executive advisory begins at C$500 per hour; initial mandates generally begin at C$25,000.
The Sarpal Group provides capital strategy, financing readiness, analysis, materials, process coordination and introductions to appropriate independent financing parties. Financing is provided by independent, appropriately licensed third parties and is subject to their underwriting, approvals, availability and applicable law. The Sarpal Group does not lend, does not guarantee funding, does not trade securities, does not provide regulated investment advice, and does not act as a mortgage brokerage or registered dealer; where a licence is required to arrange a specific facility, that activity is conducted by a licensed partner.
Bring us the project that needs capital.
Share the project, the stage it is at, and the capital you believe it needs. We will tell you quickly whether the structure is financeable and what it will take.