Do I need a minimum income for a mezzanine development loan?

No, a minimum income is typically not a central underwriting requirement for a mezzanine development loan. In mezzanine development funding, since projects are often geared towards sale or utilisation upon completion, lenders focus more on the project’s economic viability rather than the borrower’s personal income. Key financial indicators such as Profit on Cost, Loan to Gross Development Value (GDV), and Loan to Cost (LTC) are the primary metrics that lenders assess to ascertain the financial soundness of the development project.