Origin Capital completes first lending transaction

Origin Capital, a recently launched senior debt commercial property finance provider, has finalised a €3.6m loan facility for a Dublin based client, marking the first fully completed loan transaction for the company.

The loan has been provided to the client over a 5 year term for the refinancing of a mixed use portfolio of assets across Dublin. The loan was drawn down within four weeks of the initial meeting with the client.

Commenting on the transaction, CEO of Origin Capital Ross Metcalfe stated “We are delighted to have finalised this transaction, the first to be completed since the company was launched four months ago. In particular, achieving loan drawdown within four weeks of first meeting the client demonstrates our commitment to reducing bureaucracy and delivering a quick turnaround for our clients”. Metcalfe added “With several more deals at various stages of completion, we look forward to bringing similar deals over the line in the near future”.

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.