Origin Capital completes a further €24m of lending transactions
Origin Capital, a recently established senior debt finance provider for the commercial property sector, has successfully completed three lending transactions with a combined value of €24m. The headline details of the deals are as follows:
- Refinancing of a 4* hotel in Cork, operated by an internationally renowned hotelier, from a high street bank
- Refinancing of a 175,000 sq. ft. retail park in a large provincial town from existing loan purchasers
- Part funding of the acquisition of 35 apartments in a central location in Dublin 1
Commenting on the transactions, CEO Ross Metcalfe stated “Origin Capital has now lent €65m into the Irish market since our formation in April 2015 across a variety of assets classes and locations throughout Ireland. We have established ourselves as a credible and professional alternative to traditional lenders with a proven ability to execute and close deals, and have witnessed significant growth in our business over the first year. With a strong new business pipeline, we look forward to announcing the completion of further lending transactions in due course”.
For further information on Origin Capital, please visit www.origincapital.ie.
ENDS
About Origin Capital:
Origin Capital provides senior debt commercial property finance in the Irish market for investment deals in excess of €3m. The company is a joint venture between LeBruin and certain investment funds managed by Tricadia Capital Management, LLC, a New York-based investment firm with approximately $4bn in assets under management. Established in April 2015, the company was recently awarded the ‘Best Newcomer’ award in the InBusiness Editor’s Choice Awards 2015.
Martin Robinson
Head of Marketing,
Origin Capital
Tel: + 353 1 281 5250
martinrobinson@origincapital.