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Maslow provides €17m developer exit for Dublin scheme




Maslow Capital has completed a €17m developer exit loan in Dublin for property development firm.

The 12-month loan, provided to Red Rock Developments, refinanced the original development lender on The Gardens at Elm Park, a residential scheme located on Merrion Road in Dublin 4.

Practical completion of the property was achieved in February of last year, with the scheme comprising 77 apartments — the facility refinances the remaining units, supporting Red Rock as it transition to the next phase of its sales process.

The deal was originated by Frank Daly, origination director at Maslow Capital, and a key member of Maslow’s local origination team in Ireland.

Commenting on the deal, Frank Daly, said, "We are delighted to reaffirm our strong support for the Irish market with this significant bridging transaction.


“We have full confidence in the Irish residential market, and our local team is well-positioned to partner with ambitious professionals as they progress their projects.”

David Carroll, chief investment officer at Red Rock Developments added: "We are pleased to have secured this bridging facility from Maslow Capital, as we complete the remaining sales at our Merrion Road development while also positioning Red Rock for future growth opportunities.

“This facility reflects Maslow’s responsiveness and deep understanding of our ambitions, allowing us to maximise the value of our completed development.

“Maslow were great to deal with, acting quickly and professionally to structure a solution that met our needs and allowed us to progress without delays."

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