Households with an average income could afford to buy only 5 per cent of the homes built in the greater Dublin area last year, a study found. A report by Initiative Ireland, a group providing loans to small developers, said that the problem was pushing many people into the rental market, where prices were often higher than the cost of … Read More

With five startups under his belt, serial entrepreneur Brian Whelan is no stranger to the challenges of getting customer buy-in, no matter how good a new product is. When he first floated the idea for Travacoin, the response from potential customers was overwhelmingly negative. But things change. Within a few years, they were queuing up to talk to him because Travacoin offered … Read More

Property finance platform Initiative Ireland is seeking to launch a new €150m senior debt fund which will specialise in financing residential property developments. According to a report in Development Finance Today, the fund is set to be launched in the autumn and will help to finance the construction of over 2,500 new family homes across Ireland over the next five … Read More

Initiative Ireland, a peer-to-peer lender to small builders, is to raise a €150m debt fund to finance housing projects. The Irish stockbroker Davy will provide the necessary regulatory and investment management services to the senior debt fund. Padraig W Rushe, the chief executive of Initiative Ireland, said the fund would finance small-scale residential property developments and was expected to be … Read More

At least 40,000 homes will have to be built this year to satisfy demand, a peer-to-peer lender has said. A report from Initiative Ireland suggests the construction industry is falling far short of this, having built fewer than 9,500 properties in 2017. The syndicated finance group, based at University College Dublin’s NovaUCD new-venture centre, forecast a need for 480,000 new homes across … Read More

Syndicated property finance platform Initiative Ireland said it aims to fund €60m in construction loans to build around 250 new homes be the end of 2018. The platform, which is due to launch in September, will enable the company’s private syndicate members to participate in the funding of secured real estate loans across Ireland. https://www.rte.ie/news/business/2017/0719/891429-finance-platform-to-fund-60m-in-construction-loans/