Examine the potential use of mezzanine finance in property development and investment. In your answer, you should canvass the following matters:
1. The advantages and disadvantages of mezzanine finance
2. The attraction of mezzanine finance in low-interest and high rate environments
3. The taxation benefits (if any) available to investors and developers
4. The differences between mezzanine finance and the other forms of subordinated debt and quasi-equity capital.