Mercantile Credit will seek to partner with construction companies in Southern Europe engaged in developing residential property.
Whilst we acknowledge construction companies are still recovering from set-backs due to Covid-19, we also understand the problems created by the Russian invasion of Ukraine resulting in an increase in the cost of energy, with global economies suffering from an increase in inflation coupled with quantative tightening making credit facilities less accessible. As a result, our highly specialised financial team have created a financial model that will help reinvigorate selected construction partners.
Whilst we are happy to engage with start- ups, and Mercantile Credit is focusing on those companies who have already started construction, but are in the need of refinancing. As previously advised, if a potential partner is incompatible with our investment criteria, we have partnered with a number of boutique finance companies here in Lausanne and Geneva, who will be able to offer third party financing.