Our Approach

We will not allow any single deal feature to define the answer.

 

Our Approach

We will not allow any single deal feature to define the answer.

 

Our Approach

We will not allow any single deal feature to define the answer.

STRUCTURING

Cullaun Capital is entering the market with competitive financing for developers who have a track record of delivering quality.

We will support small, medium and large sized multi-unit housing developments, whether houses and apartments for individual sale or institutional purchase across private, social housing and student accommodation types.

We are supportive of schemes which require commercial amenities and those where changes in the existing planning permission is part of the transaction. We will support planning bridges on land. We believe in the right circumstances a speculative office, industrial scheme or hotel build can be the right approach.

If a development finance project of any sort has an interesting risk/reward profile, we will give it serious consideration.

Our lending approach also includes:

  • Competitive stretched senior lending of up to 90% of overall project costs or 70% of development value to developers who have relevant experience and a track record of delivering quality.
  • A belief that it is critical to consider the liquidity of the whatever is built within it’s micro market and not in broad geographies.
  • Supporting most sizes of loan applications, from €2m to the largest schemes likely to be based on multi-phase developments or multi-year build programmes.
  • Pricing for risk on a scheme specific basis which means there are no “single features” which mean a proposal can’t be considered and there is no “rate card”.
  • Recognising that many developers prefer to use alternative equity arrangements other than direct cash.

EXPERIENCED LOCAL TEAM

Our Dublin based team is in a position to provide quality, timely feedback on proposals received. Once Cullaun Capital has all the information, we will make speedy and consistent decisions with a commitment to:

  • A “no surprises” strategy.
  • Focus on understanding the developer’s business plan, tailoring our solution to what is required.
  • Giving certainty, consistency and confidence through a combination of the experience of the team and the backing of TSSP.
  • Our team have a track record of building long-lasting relationships that have seen us work alongside developers over multiple different schemes.

Together with our partners at TPG Sixth Street Partners, our vision is to support the development of thousands of homes across Ireland in the coming years.

Please get in touch.

We would be delighted to discuss your development proposals.

CONTACT US