Origin Capital approves €55m of credit for clients in first three months of operation

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Origin Capital, a recently launched senior debt commercial property finance provider, has approved €55m of new facilities to clients in its first three months of operation.

Established to provide a real alternative to traditional funding options in the commercial property market, the firm has seen strong interest from businesses throughout the country.

Some of the recent deals that have been credit approved include:

  • €4.5m to refinance 6 substantial south Dublin residential properties worth over €6.5m. Funding provided over a 5 year term with modest quarterly capital repayments.
  • Approval of a €9m term loan (75% LTV) for the purchase of retail assets throughout Ireland from which the Borrower trades. Funding provided over a 5 year term with flexible capital repayment options.
  • Provision of a €6m refurbishment facility to enable a Borrower to modernise an unencumbered office block in Dublin City Centre and attract high quality long term tenants.

 

Commenting on initial demand, CEO Ross Metcalfe stated “We have seen strong demand for the Origin Capital offering over the past three months, and are delighted to have been able to issue credit approvals of €55m for clients. Based on this strong demand, we have expanded our scope of business from an initial focus on Dublin, to considering opportunities throughout the country”.

Metcalfe continued “I am also delighted that we are demonstrating our commitment to making quick decisions for our clients – on average, we are confirming formal credit approval within three weeks of initial contact”.

For further information on Origin Capital, please visit www.origincapital.ie or call 01 664 9264.

ENDS

 

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 $4b in assets under management.