Glossary · Debt instruments
Senior / permanent debt
Long-term financing against stabilised, cash-flowing assets.
Why it matters
The cheapest layer once a deal is de-risked and producing income.
Related
- Senior debt
The most secured layer of the capital stack — first claim on cash flow and collateral, lowest cost, typically 50–65% of cost.
- Construction / development finance
Staged-drawdown debt to build a project, which converts to permanent debt on completion.
- Bridge finance
Short-term, fast, higher-cost debt to a defined exit — typically a sale or refinance.
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