Enness can broker Irish bridging loans of any value and specialise in deals involving prime and high-value real estate. Enness can broker large Irish bridging loans secured against luxury property in Ireland, including finance of €10 million or more.
Lenders will offer you a short-term loan secured against real estate you own in Ireland. Bridging loans are used in a different way to conventional property finance and are almost always used to achieve a specific outcome or solve a problem in the short term. Lenders will want to understand your exit before considering lending, although they are open to how you do this, therefore you must have a solid plan for using and managing the loan. Refinancing, selling your property and liquidity events are common exit plans.
How much you can borrow will depend on your property's value, plans, financial background, net worth and exit. A standard LTV for an Irish bridging loan stands at around 60 or 65%, although some lenders may offer a little more or sometimes, a little less. Some lenders will also consider securing a loan against multiple assets in Ireland or internationally. This option is ideal for high-net-worth individuals with global property portfolios and can increase the amount you can borrow. The stronger your financial situation and background and the higher your net worth, the more you are likely to be able to borrow.
Loans of €1 million or more are very common, and many lenders are happy to offer large bridging loans secured against Irish property. Enness can also arrange multi-million-eurobridging deals if your property and financial background support this.
Enness is able to structure Irish bridging loans on your behalf if you or your advisers have specific requirements to optimise or streamline borrowing. Enness can negotiate loans structured via entities and various ownership structures in Ireland or abroad. Enness are experts in international and cross-border finance, therefore can broker bridging financesecured against Irish real estate where you can use loan capital in other jurisdictions to buy property or for other projects such as investments or debt consolidation for example.
Whatever your goals and requirements for an Irish bridging loan, Enness will always be working to secure the best bridging loan for your situation. As well as negotiating a bridging loan for you, your broker will collaborate with all parties involved to complete the deal as quickly and efficiently as possible.