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First Limerick Loan Now Live! 8.5% P.A

This offering will be our first loan in Co. Limerick and our largest loan to date. It’s a 16-month loan, with an interest rate of 8.5% per annum. The funds will be used to construct 16 high-quality homes in Pallaskenry, Co. Limerick. 

The first tranche of €665,000 will be live for funding next week. Lenders will only have 10 days to invest in this opportunity. To participate, log in and deposit funds into your e-wallet. 

The borrower is a highly experienced developer from Co. Limerick. They have requested a development facility of €2.4m for a period of 16 months (6 months minimum), secured against a site that they are currently developing (shown in the video below). These funds will be used to construct 16 houses in Pallaskenry, Co. Limerick. 

View the video below:

Loan Overview

  • Interest rate: 8.5% per annum
  • Security: First Charge
  • LTGDV: 69%
  • Term: 16 months with 6 months minimum
  • Tranche 1 Amount: €665,000
  • Exit: Sale of properties

It is proposed that lenders will receive a return of 8.5% p.a. for this facility. We will take a charge over the entire site.  Our LTGDV (Loan To Gross Development Value) will be 69%, and our LTV (Loan To Value) for the site will be 61%.

If you have any further questions please reach out to us at
team@propertybridges.com

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