Why Consider Alternative Property Lending?
Alternative lenders like Onate offer faster, more flexible financing compared to traditional banks, making them attractive in a fast-paced property market. With pillar banks remaining cautious with longer decision times, demand for alternative lending - especially in residential property - remains strong. It is often used for bridging finance, allowing investors to act quickly before refinancing after refurbishment or rent stabilisation.
Bridging Finance
Bridging finance is a short-term funding solution (12-18 months) that enables property investors to move quickly - whether to acquire property, refinance, secure planning permission, or undertake refurbishment. This flexibility allows investors to enhance property values before transitioning to longer-term funding or realise profit and sell.
What Sets Onate Apart?
Onate has supported almost 250 individual transactions into the Irish market since inception over four years ago, offering quick decisions and certainty of execution to follow through at pace. With discretionary institutional funding, we offer loans from €250k to €7m, with Loan-to-Values (LTV) up to 70-75% for main urban areas or slightly lower elsewhere.
Where additional assets are being pledged as security, Onate can provide up to 100% of the purchase price of the new property, thereby reducing the equity requirement.
Why use Onate for Bridging Finance?
Speed - We provide quick decisions and follow through at pace.
Approval - We typically provide an Approval in Principal / Term Sheet within 24 hours and close transactions within 4-6 weeks (or quicker).
Flexibility - Our flexible approach facilitates investors to act fast, unlock property value, and keep interest costs within the loan.
What type of Property Lending do Onate do?
Residential Investment & Commercial property purchases - partially rented or non-income producing - providing time to improve and stabilise rental income
Refurbishment Loans - Properties requiring refurbishment / asset management to generate and increase rents. We can also lend up to 100% of the refurbishment costs
Equity Releases – to release equity to fund new purchases or fund short term requirements
Debt Settlement – Enabling borrowers settle arrangements with previous lenders
Development Completion / Developer Exit – to release equity pending sales or assist with the completion of a development
Trading assets – Hotels / pubs / guesthouses / other cash flow businesses where an underlying property asset is provided as security
Brokers and financial advisors play a key role in connecting borrowers with alternative finance solutions.
Onate are expanding our introducer network and welcomes introductions to new opportunities. If you’re a broker, advisor or investor looking for flexible financing solutions for you clients, please reach out to Niall Hurson at niall@onate.com / 083 800 0227, John Ring at john@onate.com / 087 830 5276, or Michael Gavin at michael@onate.com / 085 145 4200.
