Your solution for optimal financing of construction projects
You know your development project has potential, but securing the right financing often represents the greatest challenge. Inadequate funding can halt even the most promising ventures. Whether you plan to build a modern residential complex or a functional office space, lack of capital can stop your vision from becoming reality.
In the real estate sector, project finance is critical to success. Without secured funding, even the best ideas remain just that – ideas. Our role is to help you overcome these challenges and turn your development plans into reality.
Why is project finance important?
In today’s dynamic property market, access to optimal sources of capital is key to the success of any construction project. As a specialised financial advisory firm, we structure investment solutions that maximise project value and minimise the cost of capital.
Our approach goes beyond simply “finding the money”. We combine deep market insight with advanced financial expertise, creating a unique position to secure the most competitive financing terms.
We turn your plans into reality through:
- Comprehensive project analysis and feasibility assessment
- Structuring complex financing arrangements from banking and non-bank sources
- Negotiating with domestic and international financial institutions
Realize the potential of your investments with our expertise
Our competitive edge lies in our in-depth knowledge of both local and international sources of real estate project finance:
- Commercial banks and international institutions specialising in property finance
- Investment and mezzanine funds
- Private investors and venture capital funds
- Specialised non-bank lenders (private debt)
This unique position enables us to identify the optimal solution for your project, whether it requires traditional bank financing or a blended capital structure.
Comprehensive solutions for all your project financing needs
Our services cover every aspect of real estate project financing:
- Funding new developments – financing residential, commercial, or hospitality projects
- Refinancing existing projects – optimising current capital structure or restructuring debt
- Recapitalisation – attracting new investors to strengthen project equity
- Financing acquisition and completion of partially built assets
- Financing purchase of completed properties for commercial exploitation through leasing
- Financing land acquisition for future development
Comprehensive support throughout the funding process
We guide you through the entire process of securing funding, providing professional support at every stage:
- Feasibility studies – detailed analyses confirming financial viability of your project
- Business plan and financial modelling – cash flow simulations, sensitivity analysis, break-even points, and optimal financing and repayment schedules for banks, investors, and other stakeholders
- Project valuation – expert assessment of current and future market value
- Credit exposure analysis – evaluating overall debt position to avoid liquidity issues and ensure long-term financial stability
- Loan application preparation – complete, professional, and persuasive documentation aimed not only at approval but at achieving the best possible terms (lower interest rates, favourable tenors)
- Communication and negotiations – presenting your project to potential financiers, managing correspondence, analysing and comparing offers, and negotiating in your best interest until financial close
- Offer analysis and negotiation – evaluating approved financing terms and negotiating optimal arrangements
- Flexible solutions through additional funding – if required, sourcing supplementary capital via recapitalisation, mezzanine instruments, or other non-bank options
Why choose our services?
Unlike many consultants, we deliver an integrated approach combining real estate market expertise with financial structuring know-how. Our advantages include:
- Strategic market insight – enabling optimal capital structures
- Strong relationships with domestic banks and international financial institutions – ensuring access to funding sources
- Proven methodology – increasing approval probability and reducing interest costs
- Time efficiency – shortening the financing process and accelerating project delivery
Frequently Asked Questions (FAQ)
- ❓What is real estate project finance?
- ✔️📖 In Serbia and SEE “real estate project finance” is referred to as “project finance” and is limited to real estate, while in the West it may include infrastructure and similar project financing. In Serbia/SEE it is a specialised approach to funding real estate construction and developments intended for sale or lease. Typically, financing is provided to a Special Purpose Vehicle (SPV) that owns the project. The investor contributes 20–30% of the project’s estimated cost (LTC), while commercial banks finance construction up to 70–80% of projected costs secured by the property and future cash flows.
- ❓Which types of projects qualify for project finance?
- ✔️📖Primarily residential complexes, office buildings, hotels, and other commercial real estate.
- ❓What are the main sources of project finance?
- ✔️📖 The main sources of funding in project finance include:
1. Commercial banks (individual or syndicated loans for larger projects);
2. International financial institutions such as EBRD and IFC as sources of debt or investment capital;
3. Regional and international property investment funds especially after Serbia was granted investment status by S&P Global rating agency in October 2024;
4. Mezzanine funds offering subordinated debt for higher-risk projects;
5. Private debt funds and venture capital funds seeking opportunities to invest in promising construction projects;
6. Specialized non-bank landers (private lending) offering flexible financing terms;
7. Local or foreign family offices; 8. Diaspora investors interested in property investments. - ❓What does the financing process involve?
- ✔️📖 Feasibility studies, financial modelling, project valuation, credit analysis, loan application preparation, negotiations with financiers, and offer evaluation.
- ❓How can SEECAP assist with project finance?
- ✔️📖 SEECAP provides end-to-end support: project analysis, financial modelling, loan application preparation, negotiations, and structuring optimal financing arrangements.