The Irish team has completed its first deal, comprising a €980,000 loan to allow a client complete the purchase of a four-bedroom apartment in central DublinMaslow Capital, a UK-based real-estate lender owned by asset manager Arrow Global, has launched a bridging loan business in the Republic, mainly targeting Irish special purpose vehicles and overseas buyers of property in the State.
The Irish team, led by commercial property lending specialists Mark Collins and Frank Daly, has completed its first deal, comprising a €980,000 loan to allow a client complete the purchase of a four-bedroom apartment in central Dublin, the firm has said. The client is an Irish national who lives overseas that used a special purpose vehicle to complete the transaction, with the property purchased as a buy-to-let investment for a corporate tenancy.
The financing was executed in 12 days from application to completion, said Maslow, which is a sister company to loan servicing company, Mars Capital, which is also under the Arrow umbrella. It is understood that Mars, which services about €9 billion of Irish assets, including non-performing loans acquired by overseas investment firms in the wake of the financial crisis, will provide administrative support to Maslow.
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