Commercial & project finance

Capital for your project — from a network, not from one bank.

Developers, project developers and investors rarely fail on the project — they fail on a single bank’s grid. I structure your commercial property finance bank-independently and approach in parallel the houses that actually lend: banks, debt funds and private capital providers. From the senior loan to a coordinated mezzanine component — from a single source, under §34c GewO.

How much debt is available for commercial property finance in Germany?

Around two thirds, on average. For the second quarter of 2026 the BF quarterly barometer measured loan-to-value at 64,2 percent for standing assets. Loan-to-cost for developments came in at 66,3 percent. Both figures cover all use types. The remaining third comes from your own funds or from subordinated capital. Anyone who cannot show that share does not need a bank enquiry yet. They need a capital structure first. Market conditions matter too: nearly half of the lenders surveyed reported worse conditions than in the previous quarter. Banks are steering new business more selectively while working through problem loans in their existing books. Debt funds are taking on projects that are sound but no longer fit every bank template. That is where the work sits: not asking one house, but finding the right one. The senior loan is brokered under section 34c GewO. One regulatory note, because it is often confused: Germany's sectoral systemic risk buffer applies to residential lending, not to commercial assets.

When the bank says no, the project isn’t over

A rejection is almost never a verdict on your project. It is a verdict on the fit between your plan and the risk grid of that one particular bank. Branch banks work with standardised parameters: equity ratio, pre-letting, pre-sale, track record. Anyone who deviates on even one point fails — regardless of how sound the calculation is.

I think about financing from the other side: instead of forcing your project into one bank’s corset, I look for the capital providers whose corset fits your project. Banks with scope, specialist financiers, debt funds and private capital providers have different preferences — and exactly those differences are your lever.

My stance on independence: I am tied to no house and sell no product of my own. I compare — and choose in your project’s interest. The first check of your plan costs you nothing. Brokerage of commercial property loans under §34c GewO; the private consumer financing runs via the separate authorisation under §34i.

The capital structure — and where I come in

A project financing is rarely a single loan. It is a stack of several components that are secured differently, cost different amounts and are regulated differently. It is important to know who may broker which component:

ComponentRoleCost (tendency)Who brokers
Senior loan (bank / debt fund)largest, first-ranking secured partlowme, under §34c
Interim / bridge financeshort-term liquidity as a loanmedium to highme, under §34c
Mezzanine / subordinated capitalcloses the equity gaphighlicensed partners (§34f / KWG)
Equity / joint ventureentrepreneurial risk, first-loss positionmost expensivelicensed partners

I structure the overall picture and broker the loan side myself. The subordinated and equity-like part I tie in via specialist partners who hold the authorisation under §34f GewO or the KWG for it. So you get the complete structure coordinated from a single source — cleanly within the bounds of the respective authorisations.

Why not simply one of the big names?

The well-known addresses in real-estate debt advisory are strong — but geared to institutional tickets: listed companies, funds, transactions beyond double-digit millions. Exactly where the mid-sized developer, the private project developer and the investor with one or a handful of properties sits, you fall through this grid — too small for the one, too special for the house bank.

This gap is my home. You don’t get a sales apparatus, but a personal contact who understands your project, knows the right capital providers and accompanies the process through to payout. No call centre, no passing on — one hand from the first conversation to the notary appointment.

Frequently asked questions

Who is the commercial finance intended for — private individuals too?
These pages are aimed at clients acting in a business capacity: developers, project developers, portfolio holders and property investors. If you are privately financing a home or a single investment flat, you are in the right place in our Financing area — there the consumer logic under §34i applies.
What does your advice cost me?
For you, nothing. Advice, structuring and approaching the capital providers are free; I am remunerated by the financing house. For very individual mandates a fee agreement can make sense — we discuss that transparently in advance.
Do you finance even when my house bank has declined?
That is exactly what I am here for. A house bank’s rejection does not mean a project is unfinanceable — it usually means it does not fit that one bank’s grid. I approach banks, debt funds and private capital providers in parallel who accept different risk profiles.
Do you broker mezzanine and subordinated capital yourself?
The classic loan side — senior finance, interim and bridge finance as loans — I broker myself under §34c GewO. The subordinated or equity-like component (participating loans, subordinated capital, silent partnerships) I coordinate via specialist, appropriately licensed partners. So you receive the overall structure from a single source, without my overstepping the authorisation limits.
How fast can a bridge financing be arranged?
With clean documentation and sound security, short-term interim financing can be arranged within a few days to weeks — much faster than a classic bank process. Speed has its price: bridge capital is more expensive than end financing and is designed around a clear repayment route.
Free checklist

Project finance checklist — documents & metrics

What banks, debt funds and private capital providers want to see — compact, ready to tick off, before you submit your plan. As of 2026, sent straight by email.

What you get:

  • Documents on the plan · project, building rights, calculation, exit
  • Documents on person & company · track record, equity, credit standing
  • The metrics that count · LTC, LTV, equity ratio, pre-sale, margin
  • Security & structure · senior to mezzanine, cleanly classified
500+banks & capital providers
§34cGewO authorisation
€0for your first check

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