What is our product offering?
First Citizen CRE Finance lend on investment properties producing a rental income in the following sectors:
- Retail Units
- Shopping Centres
- Industrial Units
- Logistics Units
- Multi-family Residential Units
Some FAQs that may be helpful to you...
WHAT ARE OUR PREFERRED FUNDING LOCATIONS?
Preferred locations are Dublin City (and commuter belts), Cork, Limerick and Galway.
WHAT IS THE MINIMUM AND MAXIMUM LOAN SIZE?
Minimum Loan Size is €500,000 and the Maximum Loan Size is €7.5m
WHAT IS THE MAIN LENDING CRITERIA?
The Net Rental Income should be at least 1.3 times the interest payments.
WHAT IS THE TYPICAL INTEREST RATE?
Our Interest Rate is variable and is typically between 7% and 8%, linked to EURIBOR, with a EURIBOR floor amount of 0.00%.
WHAT ARE THE OTHER FEES ASSOCIATED WITH THE LOAN?
Each loan is subject to an arrangement fee and is priced on a case by case basis, payable on drawdown and on redemption of the Loan. As a standard practice the Borrower is liable for both the legal and valuation costs associated with the facility.
Our Product Offering in Summary
- STRUCTURE: SPV, Individuals and other structures
- LOAN TO VALUE: Up to 75% LTV
- SECTOR: Office, Retail, Industrial, Multi-family Residential and Mixed Use Investment Property
- TERM: 5 Years Max
- INTEREST RATES: 7% Variable (upward)
- FEES: Negotiable fees