Onate Announces €75 Million Warehouse Financing Facility with Citi

Onate DAC (“Onate”), a specialist property bridge finance lender operating across Ireland and Spain, today announced the successful closing of a €75 million private warehouse securitisation facility with Citi.

The facility from Citi facilitates Onate’s access to institutional funding and strengthens its capital structure.

The new facility marks a major milestone in Onate’s evolution, broadening its access to institutional funding capacity and supporting the continued growth of its lending platform across both jurisdictions in Ireland and Spain.

This new partnership follows the extension of Onate’s senior facility with Triple Point, and complements its €100 million Vienna-listed Secured Note Programme, which continues to attract investment from family offices and high-net-worth investors in the UK and Ireland. Its NatWest facility was fully repaid as part of this transaction

Since launching in 2021, Onate has completed more than €210 million across over 300 bridging loans, making it one of Ireland’s most active non-bank lenders. The company entered the Spanish market in early 2024 with the opening of its Madrid office, building a local origination and credit team to support expansion.

Dan Gandesha, Chief Executive Officer of Onate, commented:

“This transaction represents a major milestone in Onate’s growth and reflects the strength of both our team and our borrower focused proposition. That proposition is simple; we deliver borrowers transaction certainty by giving them a fast yes or no and following through at pace. This latest facility adds further funding power whilst leaving untouched our winning formula of local teams making local decisions in both our Irish and Spanish markets.”