Unlock Real Estate Potential with Onate's Property Bridging Loans
Explore Your Financing Options
Your Key to Flexible, Fast Financing
Tailored Loan Solutions: We offer loans from €250k to €4m, secured by a first charge mortgage against investment property, with terms up to 18 months. Our flexible product includes a minimum loan period of just 90 days, following which there are no early exit costs.
Fast and Flexible Financing: Whether you're eyeing residential or commercial properties in Ireland or Spain, our bridging loans cater to your urgent financing needs. Expect streamlined processing with decisions made entirely in-house, enabling transactions to close in as little as five days.
Competitive Loan-to-Value Rates: Borrow up to 75% LTV for prime locations, with adjustments based on area liquidity. Our bespoke loan structures ensure that you get the financing that fits your scenario perfectly.
Corporates Borrowers: Our loans are for corporate entities, but this includes newly incorporated companies. Whether you're buying at auction, releasing equity, or refinancing, we can structure the loan to meet your requirements.
Experienced and Entrepreneurial: Our team's deep lending experience and entrepreneurial spirit make us the go-to partner in seizing real estate opportunities swiftly.
How it Works
A: Initial information.
Fill in our form and one of the members of our team will contact you shortly to get more information about your financing needs. If the loan meets our lending criteria, we’ll provide an immediate indication of our terms by email.
B: Agreement in principle.
Within one working day of receiving your request to proceed with all the required information, we’ll produce an agreement in principle confirming in further detail the terms and conditions on which we’re willing to lend. After this we’ll require you to put us in funds to cover expenses including valuation and legal fees.
C: Valuer and solicitor instruction.
Immediately on receipt of funds, we’ll instruct the property valuation and our solicitors. We will also request any outstanding information on the borrowing entity and the persons that ultimately own it.
D: Legal process to completion.
Our solicitor can turn around a loan in just a few days, provided he has all the information he requires on the property. It is important your solicitor provides this information quickly, and is generally familiar with short term property finance. We can then send the funds to our solicitor for completion.
Bridging loan examples
Debt settlement
Funding of a settlement with a private equity fund, with the agreed strike price due within eight weeks.
Equity release
Funds required for a non-property business venture. The borrower used an investment property with no existing mortgage as security.
Residential auction purchase
The borrower had paid a deposit at auction, without completion funds in place. Loan provided for this purpose.
Pre'63 residential
A Pre'63 property with specific issues to remedy post purchase. Loan exit by refinancing after works complete.
Social housing
Purchase of multiple units which required refurbishment prior to planned execution of a local authority social housing contract.
Complex credit history
The bank's slow processes in relation to the borrower's credit history put the deal at risk. Deal funded within a tight timeframe.