Mezzanine and preferred equity look similar but rank, pay and exit differently. Here is how to choose between them in a 2026 property capital stack.

A short-dated caveat can fill the gap between a capital call and the next funded layer in the stack, when exit pathway and first-mortgage holder consent line up.

Senior debt covers most of the build, but the gap is where the deal lives. Here is how mezzanine fits the commercial property capital stack, with EOFY drawdown timing in mind.

Every property finance facility is underwritten on exit before anything else. The scorecard the underwriter runs is roughly the same across caveat, second mortgage, private and One Doc, but the inputs change. Here is the scorecard, applied per facility, with the strong-exit and weak-exit signals each one weighs.

Property investors carrying three or more titles after a private term loan exit need a refinance pathway that does not force them back into full-doc verification across each property. Here is how One Doc handles a multi-title portfolio refinance, what the lender will and will not consolidate, and where the stress points are.

Distressed property contracts come with compressed settlement clocks and limited finance windows. Here is how caveat funders read these deals, what passes appetite, and what stalls before settlement.

A senior lender issues a receivership notice and the borrower has a narrow rollover window before control shifts. Here is the path through the notice period, the caveat funder's appetite test, and the senior takeout that follows.

A senior land facility settles at 65 to 70% LVR. The developer is left to find stamp duty, GST on the contract and any balance to settle, often in a 30 to 60 day window from exchange. Here is how a caveat sits in that gap, what the underwriter checks before funding it, and what makes the file stall.

A cafe in Australia rarely runs on a single loan. Here are the seven finance facilities inside the modern cafe stack, what each one covers, and how they fit together without doubling up.

A practical guide for cafe owners on when a One Doc home loan can be refinanced back into a Full Doc loan, what lenders look for at the trading-history threshold, and how the discharge-and-refinance pathway runs.