The senior debt space hosts the broadest range of real estate lenders, supporting both development and investment opportunities across all asset classes.

At X Squared Capital, our deep market insight and strong lender relationships allow us to strategically match each transaction with the most suitable funding partner to align with the client's business plan.

We have access to over 200 senior debt providers, including high street and challenger banks, boutique lenders, private equity firms, pension funds, forward funders, local authorities, and insurance institutions.

X Squared Capital partners with short-term finance providers to deliver fast, flexible funding solutions where speed or breathing room is essential. Bridging finance is often the most effective route to take an asset through planning, refurbishment, or repositioning—prior to sale, long-term refinancing, or development funding.

We maintain strong relationships with leading lenders in this space, alongside a diverse network of alternative capital sources, including high-net-worth individuals, private funds, and specialist boutique lenders.

X Squared Capital leverages mezzanine finance (or “junior debt”) as a strategic tool in situations where additional leverage or capital efficiency is required. As a subordinated facility ranking behind senior debt, mezzanine finance is highly bespoke and priced to reflect its elevated risk position. However, when structured effectively, a combination of senior and junior debt can often be more cost-effective than certain stretched senior or whole loan solutions.

The mezzanine space is largely supported by high-net-worth individuals and private funds seeking strong risk-adjusted returns. These lenders are comfortable with second-charge positions and can offer higher leverage on the same assets than traditional senior lenders.

Equity participation—often structured as joint venture finance—is highly bespoke and shaped around the project’s risk profile, projected returns, and timeline. Equity investors are typically repaid after all debt obligations are settled, in exchange for a share of the profits. As such, their focus lies not only on the asset but equally on the strength and track record of the sponsor.

X Squared Capital works with a broad network of equity providers, ranging from special situations funds to sophisticated private investors actively seeking real estate opportunities.

For experienced sponsors aiming to scale, securing a strategic equity partner can provide the capital and alignment needed to accelerate growth more effectively than traditional funding routes.