Case Study: €1,500,000 Loan for Five Residential Investment Properties

The Challenge

When an experienced property investor identified an opportunity to acquire two residential properties in a strategically important location, speed was critical. Although the promoter held a lowly geared loan secured against multiple residential assets, their existing lender was unable to release equity in time to fund the purchase. With the vendor offering a favourable price conditional on a swift close, any delay threatened the entire deal. The promoter engaged a broker with a strong track record of introducing successful transactions to Onate.

The Solution

Onate issued a term sheet within 24 hours of receiving the enquiry. Once the due diligence fee was paid, a joint call was arranged involving the promoter, their solicitor, Onate’s solicitor, our underwriting team, and the broker. This collaborative approach ensured that all stakeholders had clarity on the steps required to progress the deal efficiently. In the weeks that followed, Onate advanced a €1,500,000 loan secured against five residential investment properties at 64% LTV.

Key Terms

• Loan Amount: €1,500,000
• Term: 12 months
• LTV: 64%
• Exit Strategy: Refinance

The Result

Onate’s ability to move quickly and take a commercial view on the transaction enabled the promoter to complete the acquisition without delay. The flexibility and speed of execution were key to maintaining the terms negotiated with the vendor. The loan was subsequently refinanced with another alternative lender within the 12-month term, delivering a successful outcome for all parties involved.

John Ring | john@onate.com 087 8305276

Michael Gavin | michael@onate.com 085 1454200

Niall Hurson | niall@onate.com 083 8000227