Business & Finance


Business & Finance – 25th October 2017

Initiative Ireland launches first Irish syndicated property finance platform

The company announced the launch of Ireland’s first syndicated property finance platform.

This launch is linked with Initiative Ireland‘s pre-approval €1.5 million secured loan, which has been approved for funding via the platform. This loan will fund the development of ten social housing apartments and a restaurant on the North Strand Road in Dublin.

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The Irish Independent


The Irish Independent – 24th October 2017

Property finance firm seizes the Initiative

“Initiative Ireland has launched the country’s first syndicated property finance platform.
The launch coincides with the company’s pre-approval of a €1.5m secured loan which will fund the development of 10 social housing apartments and a restaurant in Dublin.”

Irish Tech News


Irish Tech News – 23rd October 2017

Ireland’s first Syndicated Property Finance Platform launched with €1.5 million crowdlending loan

” Initiative Ireland has today announced the launch of Ireland’s first syndicated property finance platform.

The launch coincides with the company’s pre-approval of a €1.5 million secured loan, which has been approved for funding via the platform. The largest crowd-lending loan approved to date in Ireland, the loan will fund the development of 10 social housing apartments and a ground floor restaurant on the North Strand Road, Dublin.

The loan has already been guaranteed funding, subject to final legal due diligence, by Initiative Ireland’s institutional members but will be made available for syndication to its other private members from today via the new platform.”

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The Irish Independent


The Irish Independent – 20th October 2017

New financing platform aims to support the construction of 250 homes with €60m of loans

” “At a time when the country is in desperate need of housing, our initiative will offer competitive returns and terms to our private members, while supporting the construction of much needed family homes across Ireland,” said Initiative Ireland CEO Padraig W Rushe. ”

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RTE


RTE News – 19th July 2017

Property finance platform to fund €60m in construction loans

“Syndicated property finance platform Initiative Ireland said it aims to fund €60m in construction loans to build around 250 new homes be the end of 2018.”

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The Irish Times


The Irish Times – 19th July 2017

Peer-to-peer lender aims to raise €60m to fund house building

“All loans are secured with a first lien, a form of debt that has priority in payment in the event of a company’s liquidation, and must have a clearly defined exit strategy. (…) the company focuses on financing construction of quality family homes in high-demand residential areas across Ireland.”

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The Irish Independent


The Irish Independent – 19th July 2017

Initiative Ireland aiming to finance €60m in construction loans to build 250 family homes

“It is great to see Irish firms, like Initiative Ireland, responding to the market need with new sustainable solutions,” Eoghan Murphy TD, Minister for Housing, Planning and Local Government, said.

“I welcome their goal of making finance available at affordable rates to smaller developers, which is a necessary component if we want to see the activation of dormant sites.”

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