Here are examples of some of the deals that Finance Ireland has completed.
Mixed use industrial/ retail portfolio, which included some occupational planning uncertainty and a requirement for part of the loan to be directly to an individual. Loan of €3.4m at 100% of financing requirement (62% LTV), over 5 years. The promoters required simultaneous settlement of facilities with a bank and a loan fund, requiring cross person/ company guarantees, with additional collateral security.
A portfolio of provincial assets to facilitate refinancing a loan fund and enabling final settlement of a borrower’s wider legacy issues. The transaction involved provision of 80% of the total financing requirement on a 12 month bridging basis pending an element of portfolio sales and the introduction of further equity from the borrower’s trading business.
Acquisition of an estate of residential property, with a refurbishment requirement to enable portfolio disposal. Loan of €1.5m at 65% of acquisition cost, over a 2 year period. The facility included an advance to support a pre-agreed refurbishment programme.