Onate launches €100m Bond Programme
The Onate team is delighted to announce the establishment of a €100m secured note programme on the Vienna MTF operated by the Vienna Stock Exchange.
Coupled with its multiple senior institutional funding lines, Onate has strong diversity of funding sources and is well placed for further expansion of the business in providing short-term property finance for purchases, renovations, equity release and debt settlements secured against residential investment property, mixed use or commercial property.
Onate is already the third most active non-bank lender in Ireland, completing over 115 loans, totalling over €70 million, in its two years since launch.
Onate’s diversity of institutional funding lines, each of which sees all credit making decisions made in-house, sets them apart from many other non-bank lenders in their ability to execute at speed and deliver transactional certainty.
Onate has drawn €22m of the €100m permissible under the note programme and will continue to draw down funds as its loan book grows further.
Dan Gandesha, Onate CEO said:
“We’ve made our name in the Irish market by delivering a ‘fast yes or no and following through at pace’, regularly delivering property bridging loans in under ten days. We achieve this by making all our credit decisions in-house with our experienced team on the ground here in Ireland. The successful listing of this bond programme allows us to double down yet further on our singular focus of delivering much needed transaction certainty to property deals.”
From the Sunday Independent:
