Rory McEntee
Managing Partner
Everlet in Numbers
€500M+
Residential Development Debt
Our experienced team has originated and managed more than €500 million in residential development debt, overseeing the full lending lifecycle from origination through to repayment.
200+
Developer Network
Established relationships with 200+ experienced property developers across Ireland, creating access to a strong pipeline of carefully selected, asset-backed investment opportunities.
2,600+
Homes Delivered
Led the delivery of over 2,600 residential units and 120,000 sq. ft. of commercial space across 48 developments, with a combined gross development value in excess of £1bn.
8-20%+
Targeted Returns
Our investment opportunities have delivered returns ranging from 8% for senior debt projects to 25% per annum for mezzanine debt, underpinned by disciplined underwriting and robust asset-backed security.
Capital Structure
Defined Position in the Capital Stack
Every investment is structured with a clearly defined position, providing transparency around security, repayment priority, leverage and expected return.
Senior Debt
1st ranking security, lowest risk position
8-12% Typical return APR
Mezzanine Finance
Subordinated position behind senior debt
14-18% Typical return APR
Preference Equity
Ahead of ordinary equity, preferred returns
18%+ Typical return APR
Everlet invests across senior debt, mezzanine finance and preference equity.
The Opportunity
Why Ireland's Market Creates Compelling Investment Opportunities
Ireland's persistent housing shortage, combined with structural funding constraints and continued population growth, has created an attractive environment for private, asset-backed investment opportunities.
01
Growing Demand
Ireland has experienced one of the fastest population growth rates in the EU, driving sustained demand for new housing and increasing pressure across both the private and affordable housing sectors.
02
Structural Supply Shortfall
Years of under-delivery following the financial crisis have resulted in a significant housing deficit. New housing completions continue to fall well below estimated annual demand.
03
Funding Gap
Despite strong market fundamentals, traditional lenders remain conservative, creating a structural funding gap that private capital is well positioned to address.
04
Government Support
National housing policy continues to prioritise increasing housing supply through planning reform, government backed incentive programmes, investment and ambitious construction targets, supporting long-term market demand.
05
Asset-Backed Security
Investment opportunities are secured against tangible real assets, providing investors with transparent security and clearly defined capital structures.
06
Attractive Risk-Adjusted Returns
The imbalance between capital demand and capital supply creates opportunities for private investors to access enhanced risk-adjusted returns through carefully structured transactions.
Recent projects
Active & Completed Financings
189
units financed
Leadership
Experienced principals with aligned interests
With decades of experience on both sides of development finance, we bring disciplined underwriting and hands-on loan management to every project.
Patrick Lyons
Partner
Fearghal Mulvihill
Partner
Rory McEntee
Managing Partner
Patrick Lyons
Partner
Fearghal Mulvihill
Partner
Access Private Investment Opportunities
Professionally structured, asset-backed investments designed to deliver attractive risk-adjusted returns.