octopus real estate

Octopus enters commercial lending market in Ireland

Octopus Real Estate is set to commence commercial lending in the Republic of Ireland, the first step in its ambition to grow its presence across Europe.

The product will offer brokers and borrowers bridging finance from €500,000, available for all types of commercial property transactions, including acquisitions, refinances, and equity release.

It is available across all asset classes, including land with planning for residential.

The offering has no exit penalties, an arrangement fee of 0.5% and a maximum LTV of 70%, and rates from 0.75% per month. 

As a short-term financing solution, the term length is between one and 24 months. 

James Nunn, fund manager at Octopus Real Estate, who is leading the launch into Ireland, commented: “We are known for our speed of execution, transparency and flexibility, and we want to introduce our service to a vibrant and growing new marketplace.”

Benjamin Davis, CEO at Octopus Real Estate, added: “Ireland is an important market for us, and our product launch offers Irish clients a trusted finance solution, backed by over 15 years’ experience in non-bank lending. 

“The Irish commercial property market is thriving, and the launch of our commercial lending product will enable the funding of developments of scale across the commercial spectrum. 

“We believe this product, coupled with our experience in commercial lending, will be a positive addition to the Irish market.”

The company’s property lending team provides bespoke financing solutions across residential, commercial and development sectors. 

Since inception, the team has completed over 3,800 loans valued at over £5bn.

Octopus Real Estate has completed circa £2bn of commercial loans over the last 10 years.

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