This new facility joins the finance provider’s existing institutional funding lines and bond programme.
Onate believes that its diverse funding sources — each of which sees all lending decisions made in-house — sets the business apart from many other non-bank lenders.
Dan Gandesha, CEO at Onate (pictured above), said: “Our property bridge loan offering is simple; we give borrowers a fast yes or no and follow through at pace.
“NatWest share our passion for this, and we’re delighted to be partnering with them.
“We now have three institutional lines and a listed bond programme.
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“In each case, all credit decisions remain in-house and in Ireland.
“We look forward to working with NatWest over the months and years ahead to build upon this.”
Matt Whittle, relationship director at NatWest, added: "We are pleased to have supported Onate with a financing solution to meet its growth ambitions.
“This facility provides further diversification and sets the business up to capitalise on their success to date.
“It’s been a pleasure working with Dan and his team and we look forward to a long-term partnership.”
The announcement comes shortly after Onate established its secured note programme listed on the MTF and operated by the Vienna Stock Exchange.
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