The Canadian property investment firm has made €200m (approximately £172m) available to support property investment projects across Ireland. 

Timbercreek’s Irish team will be led by Paul Roddy (pictured above) and will target loan sizes from €1m to €50m (approximately £860,000 to £43m) providing loans for office, retail, rental apartments and hotels in Dublin and the regions. 

Timbercreek co-invests and manages capital on behalf of Canadian institutional investors and pension funds with the ability to expand lending capacity further to meet demand. 

It currently claims to be a leading player in the Canadian commercial property lending market, but has also established lending operations in the US and UK.

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Paul hopes to replicate in Ireland the success Timbercreek has had supporting North American property investors – who are currently underserved by the banking sector – with mid-sized commercial property loans.

"Timbercreek’s philosophy is to build long-term relationships with customers and to deliver them a flexible service based on quick decision making and execution. 

“We are establishing ourselves as a long-term lender to the Irish market, with the ability to recycle capital back into new loans.”

Bradley Trotter, managing director for US and European debt at Timbercreek, added that it was excited to be expanding its business into the Irish market.

“Ireland is a growing economy, with good economic and commercial real estate fundamentals. 

“We are ready to partner immediately with property investors who have viable projects requiring finance, and believe we can provide competitive commercial terms and execute with speed and certainty.”