Origin Capital finalises a further €18.45m of lending transactions

July 11th 2017

Origin Capital has completed a further three lending transactions totalling €18.45m, as it continues to grow its presence in the Irish market. One transaction involved the refinance of a mixed use portfolio in Dublin City and south Dublin, with assets including restaurants, residential units and a pub. Origin Capital worked with an extremely tight quarter end deadline to close this transaction on behalf of the borrower. The second transaction involved part-funding the open market purchase of seven apartments in Dublin 2, while the third transaction involved providing a facility for the borrower to acquire full ownership of one of the largest hotels in Ireland. This deal was also completed within very tight timelines to ensure the borrower met half year targets.

Commenting on the transactions, CEO Ross Metcalfe stated “We are delighted to close these three transactions, which bring the total volume of lending by Origin Capital past the €100m mark. We worked extremely hard with the borrowers to close the transactions in tight timelines, demonstrating once again our ability to deliver for our clients. With a strong pipeline of further deals due to close, Origin Capital is developing an increasing presence in the Irish market as we continue to provide a real alternative to the traditional banks”.

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About Origin Capital:

Origin Capital provides senior debt commercial property finance in the Irish market for investment deals in excess of €3m, with no upper limit on transaction sizes. Origin Capital recently announced a funding agreement with Morgan Stanley which will allow the company to provide funding for CRE projects across a wide variety of asset classes, and also to compete for significantly larger transactions. For more information, please visit www.origincapital.ie.