BusinessLoans.ie has experienced social housing finance partners who can assist construction companies & property developers. It’s a bespoke service that can gives you help where it’s needed. That could be an analysis of the best options for what you should do with a site; or introductions to housing authorities. Most importantly, you can avail of the best property finance rates from a panel of private & institutional lenders. Our partner is a social housing specialist with a detailed understanding of the market. You can be assured of a smooth process from start to finish and can avoid any of the potential pitfalls that can arise in complex projects.

Site Acquisition, Feasibility & Strategy Report

Get expert guidance from the team who will ask the right questions and produce a comprehensive report. Have you a site or looking to purchase a site for development? If so, have you identified and addressed the possibilities to maximise the value of the site? Have you stress tested your model against current market trends? Have you fully modelled out the best scheme, phasing & what impact this has on cash flows? Have you considered how this impacts your ability to seek financing? Do you require financing options to assist with understanding how these can impact your business or project?

To help with these questions you can get the following:

Pre-acquisition site strategy report
Post-acquisition site maximisation report
Assessment of suitability for social housing
Debt advisory services for new debt facilities or improve current facilities
Site disposal advice
Property due diligence
Master planning & design efficiency
Development strategy advisory
Feasibility study
Financial modelling
Detailed viability analysis & risk assessment

Full Commercial Assessment

The following information would be necessary to carry out a full commercial assessment:

Title report - Confirmation of title (i.e. freehold / long leasehold) to include a copy of the title map
Confirmation of site area; site boundary map
Any feasibility study carried out (indicative plot ratio, site coverage, density, heights, gross floor area etc.)
Draft plans of proposed development, drawings, layout, house types, schedule of accommodation
Schedule of development costs, build cost estimates, order of magnitude of costings
Copy of any building survey, planning, environmental or archaeology reports if available
Confirmation of any site contamination or flooding, easements, rights of way, services – main sewers, electricity and water
Confirmation of any development levies outstanding
Confirmation of part V agreement (if agreed)
Details of the professional teams, architect, QS, engineer etc.

Debt Advisory Services

You get full debt advisory services including:

Sourcing and negotiating new debt facilities or improve current facilities
Managing process from indicative stage to drawdown
Management of financing relationships
Sourcing additional debt/ equity capital to support growth initiatives

You can ensure peace of mind by dealing with social housing finance experts. When you are up against a state body, unexpected requirements can be costly. Our partners have their finger on the pulse of the Irish social housing market. They handle the process for you from start to finish. Not only do you get the best rates you get project management which is key for the profitability of your project.

Want more information? Talk to us on 01 55 636 55 or email hello@businessloans.ie

The Irish business lending scene is very fluid at the moment with pillar banks & alternative lenders having access to an ever changing range of SBCI, government-backed loan options. However, the lenders can only work within their lending rules. If your business has imperfect accounts & bank statements you could get a decline, especially for the straightforward unsecured loan options. In this situation, if your business owns assets, a secured loan could work.

There are two primary types of secured loans. The first and easiest is if your business has vehicles & machines, less than 12 years old. They need to be in full ownership or have little outstanding finance. BusinessLoans.ie can get our partners to see if a secured loan is possible and, if so, what’s the maximum available. The rates can vary depending on the risk assessment and it costs nothing to get the approval information. You could also qualify for discounted rates under the Credit Guarantee Scheme. If your business expects a hit in turnover or net profit due to Covid-19 of 15% or more then you should be able to get access to lower rates. Loan sizes of €20,000 and upwards, depending on values of assets, can be facilitated.

The second type of secured loan is based on business-owned land & buildings. While you can expect low rates, there is more complexity and therefore more expense in constructing this type of loan. This is because of set legal fees, quantity surveyors & other professionals involved in getting these loans to approval stage. Loans don’t make sense for lower amounts. The business needs to have a requirement and equity for amounts of €250,000 and upwards for property-backed loans through our partners.

BENEFITS FOR YOUR BUSINESS

Approval for businesses that have assets
Release working capital that’s otherwise locked up
Less checks from lenders on purpose of loan

KEY CRITERIA TO ACCESS FUNDING

Your business has vehicles & machines of value
Your business has land & buildings with equity
Your business passes the credit check

BusinessLoans.ie is here to help get your secured loan quotes built. Best of all we will never ask you for a fee. We are available 7 days to assist with straightforward unsecured loan quotes where possible & if for any reason the secured loan route will work best for your business initiative, you can get fast approval feedback from the best panel of lenders serving Irish business. Call us on 01 55 636 55.