Update on New Beginning Funding Services - New Beginning

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Update on New Beginning Funding Services

New Beginning Funding continues to sees strong interest from commercial borrowers for our Funding Facilitation Service. This trend is in line with market trends as companies and individuals seek to re-finance commercial property transactions. We are seeing a wide variety, in terms of the types and timeframes, of funding being sought.

New Beginning Funding currently has a pipeline of €15m in deals which will drawdown in the coming months.

New Beginning Funding is looking to assist individuals and SMEs in sourcing a range of funding options, including refinancing, to enable settlement of stressed exposures.

New Beginning Funding is constantly reviewing and monitoring market trends and as a result of feedback from our commercial client base we have now broadened our range of funding options to include Bridging and Mezzanine facilities, development financing and larger commercial facilities.

We encourage commercial clients with traditional or alternative commercial real estate funding requirements to contact us.

Our typical traditional funding transaction structure for income producing assets is based on:
5 year term finance, with capital and interest payments calculated using a 20 year repayment profile
Up to 75% LTV, subject to rental income

The minimum loan size is €500,000. Many of our clients have agreed or are about to agree deals with funds who have acquired their loans.

Alternative funding transactions, by their nature will be less formulaic and we encourage commercial clients to discuss their transactions with us to see if we can assist.

Overseas funds often require immediate liquidation or refinancing of distressed portfolios. This is where our funding option comes in. We can source funding in a matter of days based on reasonable rates priced over the longer term.This means that clients avoid having to sell their properties and New Beginning Funding will design new loan structures which are sustainable over the longer term.

New Beginning Funding does not underwrite, but has partnered with providers of non-bank financing options to this market segment, and we currently operate as an intermediary.

If you have a distressed loan and want to avoid the sale of the underlying property assets then refinance may be a perfect option for you. Often the refinance can be done through a new corporate entity or SPV meaning that the underlying property can be protected from any other exposure.

You can email me at john.ryan@newbeginning.ie or call me on 01-5240000 to discuss options that might be of help to you.

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