How Novellus Provides Certainty in an Uncertain Market
Ireland’s commercial real estate sector has evolved significantly over the past decade. Stabilised assets (those which are fully let and generating reliable cash flows) now form a major part of many institutional investors, REITs, family office and private landlord portfolios. As a result, term finance has become a key tool for maximising returns, managing liquidity and supporting long-term asset management strategies.
At Novellus, we understand the complexities of senior debt. Whether we are dealing with a borrower or advisor, our aim is to make the process from enquiry to completion transparent, efficient and tailored to the nuances of each case.
Key Considerations When Structuring Senior Debt
1. Nature of the Asset
- Asset Type: We assess all commercial asset classes, including office, retail, industrial, hospitality, mixed-use and residential.
- Income Profile: Whether long term leases or rolling tenancies, our underwriting is income led and adaptable.
- Location: From prime Dublin locations to regional / secondary locations, Novellus have funded assets and schemes throughout the Republic of Ireland.
- Environmental/ESG Risks: These are increasingly important when making funding decisions. We work proactively with borrowers to identify and mitigate ESG related risks.
2. Loan Terms & Capital Structure
- Loan Term: Typically, 3–5 years, with flexibility based on borrower needs.
- Loan Size: Starting at €500k, with no upper limit. Suitable for single assets or portfolios.
- Amortisation: Options include interest-only or partially amortising profiles, depending on income profile and leverage.
- Interest Rates: Fixed or variable, structured to suit the transaction and borrower requirements.
- Covenants: Assessed on a case-by-case basis, aligned with the asset’s cash flow and the borrower’s strategy.
3. Speed & Execution Certainty
- Decision-Making: Novellus is100% privately funded. Using our own capital means we can issue credit-backed terms quickly with no external delays.
- Execution: We can complete within 4 weeks, offering certainty for acquisitions, refinancing, or recapitalisations. In a market where timing is often critical, this speed offers our borrowers a clear competitive edge.
Supporting Smart Property Investment
We focus on financing, but we also understand the broader context in which our clients operate. Some of the key factors we encourage investors to consider include:
- Location Fundamentals: Access to employment, transport links, education and local amenities all impact occupancy and long-term asset value.
- Regulatory Compliance: Planning laws, rent controls and short-term letting restrictions must be carefully navigated.
- Operational Costs: Factoring in maintenance, insurance, management fees and potential void periods is essential for realistic cash flow projections.
- Financing Strategy: Choosing the right balance of fixed vs variable rates, LTV ratios and repayment profiles can make a significant difference.
- Diversification: Spreading exposure across asset types or locations can help mitigate risk.
- Exit Planning: A clear exit or refinancing strategy ensures alignment between hold period, leverage and overall capital objectives.
Why Novellus?
At Novellus, we provide senior debt funding starting from €500,000, with no upper limit.
We lend across all sectors and locations in Ireland and the UK, delivering tailored financing solutions with focus on speed and certainty. Whether refinancing a core office asset in Dublin or acquiring a mixed-use property in a regional town, we bring the insight, experience and execution certainty to help our borrowers move forward with confidence.
In a volatile market, certainty of funding isn’t just valuable – it’s essential. That’s what Novellus delivers.
