Delivering Flexible Funding Solutions
Bridging Finance in Ireland
Beacon Capital is a leading arranger of commercial bridging finance in Ireland for nationwide residential and commercial development projects.
Commercial bridging loans are an interim funding arrangement intended to provide short term funding until an exit strategy, like a refinancing or a sale, can be executed.
Why Use Bridging Finance?
For property developers bridging finance facilitates the purchase of a site or existing property in order to build or upgrade. Often conventional lenders will not provide financing at this early stage but once the development is complete the loan can be refinanced at more attractive terms.
Our highly experienced property finance team are experts in matching the requirements of developers with an appropriate source of funding.
We can arrange bridging finance loans for up to 24 months with up to 100% of site purchase and development costs covered and loan interest rolled-up (subject to LTV criteria). We can source funding in the €1m to €10m range with competitive rates and arrangement fees.
Recent Bridging Finance Examples
Student Accommodation: Our client owned a site and needed a €4.5m development loan for six months to build student accommodation in a regional city. This was subsequently rolled in to a senior debt 5-year commercial term loan with a mainstream bank.
Distribution Facility: An initial loan for 15-months to develop a 23,000 square foot distribution facility in Co. Clare adjacent to Shannon airport. This was subsequently rolled in to a €2.5m Senior Debt 7 year commercial term loan.
To discuss your property funding requirements please call us on +353-1-685 6708