BusinessLoans.ie is happy to announce a new social housing construction finance partnership. It has a quick turnaround and competitive rates. Property developers have a host of EU and Irish Government backed loan options available but many are finding the red tape too much. Our partner is keen to get funds out as quickly as possible and makes it easy. Here’s what you can expect:

• A base rate from 7%

• Deals below €3 million, 1.5% in and 1.5% out

• Deals above €3 million from 1% in and 1% out

• Deals from €1 million to €200 million

• Only pay interest when you draw down a tranche

• Recycle loan, keeping funding cost down

• A credit team that will value your site on what it’s worth today; not what you bought it for

• 75% Loan To Value

• 80% Loan To Cost

If you’re sitting on sites and want to develop in the social & affordable space talk to the Business Loans team today on 01 55 636 55. We’re here for you 7 days to get approval feedback.