Social housing & property development finance in Ireland

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

4 finance options for small Irish contruction projects

Property development financing for smaller construction projects continues to be a challenge in Ireland. Banks seem interested in bigger projects in the multi-millions but most builders are microbusinesses that work on everyday renovations & flips. There seems to be a lack of options but here are four worth considering:

1. You can ask us about a pre-approval for unsecured finance up to €250k. This can help you plan your finances and be ready to jump on the next opportunity.

2. You can ask us about asset refinancing up to €1 million. If you’ve bought a lot of expensive machinery unlock value to use on projects.

3. You can ask us about bridging loans starting at €150k. This can let you release working capital from rental properties and commerical buildings.

4. You can ask us about development finance from €250k and upwards. If you have a site and other collateral there are options for smaller deals.

Whether you’re a seasoned property developer or a builder with a side-project we’ve got you covered. Our alternative lending partners can execute your finance in a faster turnaround than a typical bank. Get in touch today. Email hello@businessloans.ie or call 01 55 636 55.

Construction loans for small developments in Ireland

We often hear from smaller construction companies looking for loan quotes for working capital to finish off a project, buy a fixer-upper to flip or buy a site for a small development. There is a gap in the market for financing everyday builders whose deal size falls short from what many lenders are willng to finance. Most lenders ideal entry-level client is looking for €500k to €1 million, as well as having a development in a town with a population over 10,000. One reason is due to the set fees for professionals such as lawyers, who can charge the same for a €200k deal as they would a €2 million deal, making small deals unattractive and so have a lower rate of offer acceptance. Another issue is protection from shocks to the economy. The more rural the development the more likely a chance of a significant drop in value, potentially leaving the lender exposed to losses.

Other times we hear from builders who have been self-financing a project but run out of cash. The collateral so, is an unfinished build and this can be challenging for lenders to want to use to lend against, in case they are left on the hook if the project runs in to problems affecting repayment. So what options are there for construction companies financing lower end deals?

Simple unsecured loans

One option, if the company is generally profitable and the bank statements can show affordability for repayments is an unsecured loan up to €250k with a non-bank lender. Because it’s unsecured the lender is not as concerned with the project and collateral. They’re really relying on your track record and operation of the bank account.

Bridging loans

While in the example above with a builder wishing to use an unfinished or rural site as collateral to get development finance, often when you dig a little deeper this project might not be the only collateral available. It’s easier to use collateral of more attractive rental properties and get a bridging loan. Deals from €150k and upwards can work. These funds can then be used for the riskier project then lender otherwise would not have financed.

Invoice finance

If you’re working on commercial projects with reputable companies and due stage payments there are flexible invoice finance options that enable you to access most of the working capital on raising your invoice. You then get a final settlement with the debtor pays.

If you’re a property developer and need financing we have a wide range of contacts in pillar banks, non-banks and even high net worths who may be able to finance your project. BusinessLoans.ie is here to help 7 days. Email us at hello@businessloans.ie or call 01 55 636 55.