|GROSS LOAN||LOAN TYPE||TERM||LTGV/LTV||LOCATION|
|€2m||Property Purchase||180 to 360 Days||60%||Dublin|
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.