Whether you are looking to acquire a development site and get planning, or to fund the development works at a site you already own, we can provide you with the debt finance you need in a timely and commercial manner.

By activating our in-house funding sources and through our exclusive link up with Fortwell Capital, a leading UK development debt and mezzanine funder, no funding project is too complex or too large for us.

Below are some examples of projects we have funded, which have been anonymised to maintain the confidentiality of the borrowers.

Acquisition Funding 1

€4.1m site acquisition loan

Loan used to acquire PRS site in Dublin without planning but with potential for 60 units

Security comprised first legal charge over the site

59% loan to value

10% per annum interest rate

24 month loan term

Loan repaid from the sale of the site on the open market when planning was granted

Acquisition Funding 2

€3.8m site acquisition loan

Loan used to acquire four social housing sites without planning throughout the country

Security comprised first legal charges over the sites

59% loan to value

10% per annum interest rate

12 month loan term

Loan repaid from a long term refinancing of the loan when planning was granted

Acquisition Funding 3

€1.8m loan site acquisition loan

Loan used to acquire social housing site in Meath with planning for 65 units

Security comprised first legal charge over the site

60% loan to value

10% per annum interest rate

12 month loan term

Loan repaid from a sale of the site to an AHB

Acquisition Funding 4

€1.6m loan site acquisition loan

Loan used to acquire social housing site without planning in Kilkenny city

Security comprised first legal charge over the site

55% loan to value

10% per annum interest rate

18 month loan term

Loan to be repaid from a sale of the site to an AHB once planning is obtained

Development Funding 1

€13m development funding loan

Loan used to fund construction of 59 social housing units in Dublin 17

Security comprised first legal charge over site and all work in progress thereon

70% loan to value

7.5% per annum interest rate

18 month loan term

Loan to be repaid from a sale of the completed social housing units to an AHB

Development Funding 2

€5.5m development funding loan

Loan used to fund construction of 41 social housing units in Ballymun

Security comprised first legal charge over site and all work in progress thereon

56% loan to value

10% per annum interest rate

30 month loan term

Loan repaid from a sale of the completed social housing units to an AHB

Development Funding 3

€3.9m development funding loan

Loan used to fund construction of 47 social housing units in Dublin and Dundalk

Security comprised first legal charge over site and all work in progress thereon

55% loan to value

10% per annum interest rate

18 month loan term

Loan repaid from a sale of the completed social housing units to an AHB

Development Funding 4

€2.2m development funding loan

Loan used to fund acquisition and construction of 4 houses in Malahide

Security comprised first legal charge over site and all work in progress thereon

62% loan to value

10% per annum interest rate

24 month loan term

Loan to be repaid from a sale of three of the completed houses

Bridging Finance 1

€10.6m bridging loan

Loan used to refinance an existing facility

Security included first legal charges over a social housing scheme plus seven investment properties

65% loan to value

10% per annum interest rate

9 month loan term

Loan repaid from a sale of social housing scheme to an AHB plus a refinancing of the residual loan

Bridging Finance 2

€3.8m bridging loan

Loan used to acquire 4 x social housing site without planning

Additional security included separate first and second legal charges over seven investment properties

51% loan to value

10% per annum interest rate

6 month loan term

Loan repaid from a long term refinancing of the loan when planning was granted

Bridging Finance 3

€2.8m bridging loan

Loan used to refinance existing investor

Security comprised a first legal charge over a mixed use residential and office property in Dublin city centre

61% loan to value

10% per annum interest rate

15 month loan term

Loan repaid from a long term refinancing of the loan

Bridging Finance 4

€1.9m bridging loan

Loan used to fund the release of an existing charge

Security comprised a first legal charge over a nursing home site in Dublin 12 with current planning permission

40% loan to value

10% per annum interest rate

18 month loan term

Loan to be repaid from a sale of the site or loan term refinancing

SPEAK TO OUR EXPERTS

Name: David Kelleher

Title: Principal Phone: +353 1 663 1644
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