Octopus Real Estate launches first commercial lending product in Ireland

A tailored solution for the Irish market, the product will offer support to brokers and borrowers, lending across the commercial real estate spectrum. With an established and straightforward approval process in place, clients will have access to short-term bridging finance upwards from €500,000, available for all types of commercial property transactions, including acquisitions, refinances, and equity release. The product is available across all asset classes, including land with planning for residential.

Rates start from 0.75% per month up to 70% LTV with a 0.5% arrangement fee.

James Nunn at Octopus Real Estate, who is leading the launch into Ireland, commented: “Octopus Real Estate is a leading short-term lender in the UK market, having completed c. £2.0 billion of commercial loans over the last ten years. We are known for our speed of execution, transparency and flexibility, and we want to introduce our service to a vibrant and growing new marketplace.”

Benjamin Davis, CEO of Octopus Real Estate, added: “Ireland is an important market for us, and our product launch offers Irish clients a trusted finance solution, backed by over 15 years’ experience in non-bank lending. The Irish commercial property market is thriving, and the launch of our commercial lending product will enable the funding of developments of scale across the commercial spectrum. We have a reputation of providing best in class service and attractive lending rates. We believe this product, coupled with our experience in commercial lending, will be a positive addition to the Irish market.”