5
Units Funded
Senior facility funding the final five units of the active Kingscourt scheme, releasing equity for a 43-unit site acquisition in Drogheda.
Financing
Senior Debt
Status
Active
Exit
Pre-Contracted Private Buyers
Security
First Charge
Loan Term
9 Months
Investor Return
14%
Structure
Deal Overview
Everlet arranged a bespoke asset-backed senior debt facility to fund the completion of the remaining five units at the developer's active Kingscourt scheme, while releasing equity to support the acquisition of a fully permitted 43-unit residential development site in Drogheda.
Financing Type
Senior Debt
Total Units
5 (final units of a 58-unit scheme)
Security Position
First Charge
Loan Term
9 Months
Investor Return
14% p.a.
Exit
Pre-Contracted Private Market Sales
Capital Structure
Senior Debt
0-61% LTV
Developer Equity
62-100%