Origin Capital, a recently launched senior debt commercial property finance provider, has finalised a €3.6m loan facility for a Dublin based client, marking the first fully completed loan transaction for the company.
The loan has been provided to the client over a 5 year term for the refinancing of a mixed use portfolio of assets across Dublin. The loan was drawn down within four weeks of the initial meeting with the client.
Commenting on the transaction, CEO of Origin Capital Ross Metcalfe stated “We are delighted to have finalised this transaction, the first to be completed since the company was launched four months ago. In particular, achieving loan drawdown within four weeks of first meeting the client demonstrates our commitment to reducing bureaucracy and delivering a quick turnaround for our clients”. Metcalfe added “With several more deals at various stages of completion, we look forward to bringing similar deals over the line in the near future”.
Origin Capital provides senior debt commercial property finance in the Irish market. The company is a joint venture between LeBruin and certain investment funds managed by Tricadia Capital Management, LLC, a New York-based investment firm with approximately $4b in assets under management. Origin Capital is actively providing funding for investment deals in excess of €3 million, and has credit approved €75m of lending since inception. www.origincapital.ie
LeBruin is a leading Corporate Finance and Debt Advisory firm based in Dublin, Ireland. With offices in Dublin and London, LeBruin has a track record in delivering for clients in the areas of Funding, Debt Management and Debt Restructuring.
Independent and working only for its clients, LeBruin specialises in matching clients with new sources of funding, delivering effective solutions in the form of senior debt and equity finance across a range of business sectors. LeBruin has strong relationships with both traditional and non-traditional lenders in Ireland, the UK and USA. LeBruin also works with a number of equity funds who have a keen appetite to invest in projects, enabling us to meet our clients’ refinancing needs.
In addition, LeBruin facilitates debt restructuring agreements with NAMA, the banks and other creditors. In total, LeBruin has restructured over €6.5 billion of debt and has raised over €10 billion in new debt and equity for its clients since inception.
In April 2015, LeBruin launched a subsidiary, Origin Capital, a senior debt fund focussed on the Irish commercial property market.