GROSS LOAN | LOAN TYPE | TERM | LTGV/LTV | LOCATION |
---|---|---|---|---|
€2m | Property Purchase | 180 to 360 Days | 60% | Dublin |
OVERVIEW
SUMMARY
Novellus were delighted to support a high-quality repeat borrower. We understand the strategy well and are committed to continuing to fund the borrowers as they embark on expanding their Irish investment portfolio.
The main highlights as to why this was a good fit for Novellus included us being comfortable off the Vacant value, quickly able to understand and underwrite the refurbishment risk and the biggest benefit was that we provided the borrowers with a long-term solution to support their: Buy, Develop, Hold strategy.
Using private capital and offering Bridging (against all asset types – including land), refurbishment, development and our term offering made us a unique option for this type of asset. We do not have maximum exposure limits to any individual borrowers and as such, the borrowers have the confidence to continue to source opportunities safe in the knowledge our capital will be their to help them execute and deliver.
Any data you provide Novellus Finance will be used in the decision making and processing of any future loan. The data we collect will be shared with our legal representatives and potentially other third parties to assess your suitability and for future transactions on any loan(s) with Novellus Finance. We will hold information securely for up to 7 years after your contract with Novellus Finance ends. Should you wish for us to delete all traces of data we hold about you after your contract expires or should you wish to request details of data we hold about you please email [email protected]
100 St. Stephen’s Green, Dublin, D02 EP84
©2023 Novellus Finance is a trading style of Novellus Finance Limited registered in Ireland.
Company No. 710946. Registered address: Novellus Bridging, 100 St. Stephen’s Green, Dublin, D02 EP84
THINK CAREFULLY BEFORE SECURING ANY DEBT AGAINST YOUR PROPERTY. YOUR PROPERTIES MAY BE AT RISK IF YOU DO NOT MEET THE COMMITMENTS OF YOUR LOAN