Fiduciam closes seven deals in Ireland in April

Fiduciam has revealed its strong lending performance in Ireland and Northern Ireland in April, having closed seven loans across the island.

During the month, the lender provided facilities totalling £2.68m in Northern Ireland and €10.6m (£8.9m) across the Republic of Ireland.

The deals completed in Northern Ireland include a £1.125m facility secured against three residential properties in central Belfast, which allowed the repeat borrower to enhance their investment portfolio by acquiring five additional properties.

In the Republic of Ireland, Fiduciam completed a €2.1m (£1.77m) bridging loan secured against two period dwellings in a prime residential location in Cork, which provided equity release for the development of 55 apartments and four mews houses in the local area.

It also lent €500,000 (£421,000) to a repeat client, secured against two residential properties in County Meath, to facilitate refurbishment works.

In addition, Fiduciam assisted with a complex cross-border transaction to assist a property development business.

The lender worked together with McGahon & Associates and Wilson Nesbitt to complete three facilities of €5m (£4.21m), €3m (£2.53m) and £1.26m to fund the acquisition of a development site, together with the refinancing of an existing asset. 

Ken Duffy, country manager for Ireland at Fiduciam, commented: “Our strong performance in Ireland is testament to our willingness to go the extra mile for our clients. 

“We hope to continue to grow our Irish loan book throughout the remainder of 2022 by maintaining strong relationships with our repeat borrowers and expanding our footprint in the Irish market.”

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