Welcome to the LeBruin Group Update designed to keep you up to date with the latest news and views from the LeBruin Group. Recent months have been unprecedented for everyone and many businesses continue to face a multitude of challenges and the availability of funding, we believe, is a subject matter that every business needs to monitor very closely in the months ahead.
We continue to work closely with our funding partner Ready Capital Corporation (NYSE: RC) and over the last quarter a series of new deals have been approved and will be closing in the coming weeks. The following are typical of such deals:
During the last quarter the team in LeBruin continued to work with third party funders both locally and in London, raising €280 million in development and large-scale investment funding for our clients. Against the uncertainty that has prevailed in recent months, the ability to raise these funds for our clients highlights the knowledge and experience of the LeBruin team in constantly providing funding solutions to both existing and new clients particularly out of the London market.
As the LeBruin Group looks forward, we believe the long, established relationships we have developed with our contacts and partners over the last 12 years will continue to provide our clients with a range of funding options through our Dublin & London offices.
The long-term availability of commercial real estate funding for borrowers in the Irish Marketplace has been negatively impacted by events such as:
Such announcements do not augur well for commercial real estate borrowers seeking finance in the months ahead. We in LeBruin intend to provide a monthly commentary to our clients on our view of the dynamic changes that we see happening in the local funding market, which we believe will be of value for borrowers as they chart their way through the turbulent times ahead.
In the last quarter, we were delighted to sponsor a charity event for LauraLynn, Ireland’s Children’s Hospice and be part of a very successful event, raising much needed funds for a great charity. If we can be of assistance to you or you business colleagues, please do not hesitate to contact us at LeBruin Private.