Case Study: Unlocking the Potential of a Prime Dublin Property

At Onate, we know property investment demands speed, certainty, and flexibility. Our tailored lending solutions help investors seize opportunities that traditional financing may not support.

This case study highlights how Onate’s bridging finance enabled a borrower to transform a period property in central Dublin into a high-value rental asset.

In early 2024, experienced property promoters secured a three-storey over-basement period building in central Dublin for €1.4M. Previously a hostel, the property had strong potential but required significant refurbishment. Their goal was to renovate and reposition it as a high-yielding rental asset. The borrowers needed fast, flexible funding to move quickly, fund completion of renovations, and refinance the property.

Solution

Onate structured a bespoke bridging loan to support both the purchase and refurbishment of the property, ensuring the project could proceed without delays. This included:

·  75% Loan to Cost facility to support the purchase

·  12-month term, allowing time to carry out refurbishment works, achieve full tenant occupancy and refinance the property

·  100% funding for refurbishment works

·  No exit fees and a minimum interest period of just 3 months

·  Dedicated execution team ensuring the deal closed smoothly and on time 

This structure allowed the borrowers to focus on enhancing the property’s value while minimising financial strain.

Outcome

The project was successfully completed within the 12-month term, resulting in:

·  A fully refurbished and fully occupied rental property, generating €135K annual rental income

·  A completed post-works valuation of €1.95M, reflecting the increased market value 

·  Allowing time for a refinancing process to conclude, transitioning the loan to a non-bank lender for long-term stability.

 This case study highlights how Onate’s tailored bridging finance solutions empower investors to move quickly, add value, and achieve their financial goals. By providing fast, flexible capital, we help borrowers unlock the potential of their assets without the limitations of traditional lenders.

If you're ready to explore new opportunities and need a financial partner who can rise to the challenge, contact Onate now:

John Ring | john@onate.com 087 8305276, Michael Gavin | michael@onate.com 085 1454200,  or Niall Hurson | niall@onate.com 083 8000227