12-month facility of €5m plus interest roll up, representing 47% LTV. The facility funded the demolition of a property, site clearance & preparation for future development pending revised planning.
Here are examples of some of the deals that Finance Ireland has completed.
12-month facility of €5m plus interest roll up, representing 47% LTV. The facility funded the demolition of a property, site clearance & preparation for future development pending revised planning.
€1.4m development facility, plus interest roll up,representing 100% LTC and peak LTGDV of 69% to fund site and development, pre-let to a well established leisure operator.
Facilities to fund the purchase of a central Dublin industrial estate for a 4-year term. The facilities provide the borrower with fl exibility around leases and repayments to enable optimum asset management.
Facility in the personal name of the borrower to part fund a settlement with a loan fund representing 68% LTC and 52% LTV. The portfolio is primarily made up of industrial units with office & retail making up the balance.
€1m development facility plus interest roll up to part fund the construction of a 28,000 sq ft industrial property within the M50 in west Dublin. LTC of 50% and peak LTGDV of 36%.
Portfolio of pre-63 properties located in city centre locations. Initial exposure of €0.65m, with facilities now advanced totaling €8.2m. Portfolio leverage of 70% LTV pre-refurbishment, with post refurbishment LTV of 55%, 5 year variable commitment. The original loan was an equity release against an unencumbered property, allowing for successive property purchases by the promoter, which required refurbishment and re-letting.
