Cavan Investment Offering, 8% Annual Return and Low LTV%

Fantastic 5 House Development in Cavan, Low LTV% and 2 Units Already Sale Agreed

Our 7th investment offering is now LIVE and ready for investment. The finance will be used to fund the construction of 5 houses in Mullagh, Co. Cavan, which is a short drive from Kells and Navan. 

The Borrower has requested that we provide them with a development facility of €472,000, to be drawn down in 2 tranches. The first tranche of €272,000 will be for a period of14 months (6 months term certain), secured against the Property, to allow them to construct 5 houses on the property.

To view the full details of the loan please click here.

Loan Overview

  • Interest rate: 8% per annum
  • Security: First Charge
  • LTGDV: 36%
  • Term: 14 Months (6 Months Minimum)
  • Tranche 1 Amount: €272,000
  • Exit: Sale of properties

The Borrowers equity and the proceeds of the loan facility will be used to fund the construction of the first three houses, with a portion of the sales proceeds from these houses being used to fund the construction of the final two houses. We will allow the LTGDV to rise to 50% to accommodate the use of the proceeds.

We will take a charge over the entire site. Initially, our LTGDV (Loan To Gross Development Value) will be 37%, and our LTC (Loan To Cost) will be 53%

The site is located on the Cluain Mullach Estate in Mullagh. Construction has commenced on the first house, which is now 75% complete and is sale agreed. A second house which occupies a corner site and has an uninterrupted view has gone sale agreed at €330,000. Mullagh which is located on the Cavan /Meath border, is close to the M3 motorway, which makes it part of the Dublin commuter belt.

If you have any further questions please reach out to us at or call us on 01 549 4546