Argyll Property Partners says that it has had a record first quarter of 2013 with several new mezzanine loans being advanced to developers in London and the south east of England. Having close relationships with several senior debt providers and funding loans from its own cash resources, Argyll claims that it is able to reach rapid decisions often within 24 hours of the initial proposal being presented. Terms quoted are clear and unambiguous with a fixed interest rate and no requirement for a share of the eventual profit.<br> <br> Argyll notes that many developers are currently turning to mezzanine funding. With its mezzanine offering, Argyll says that the developer will know the exact cost of finance and will keep more than 70% of the profit, whilst retaining full control over the project and most significantly increasing the return on their own capital invested.<br> <br> As an example, Argyll concludes, taking a development where the gross development cost is £2 million, a bank lends £1.2million, a mezzanine funder £600,000 and the developer invests £200,000. A projected profit of £500,000 would yield the developer a return on their equity of around 175% compared with only 62.5% if they had invested the entire …