New property finance firm enters Irish market and aims to lend €300m for new housing developments | Business Post

Domhnall Gaffney, a director at Elgin, said the new company has already agreed terms on schemes that will deliver over 150 affordable housing units in Kildare, Galway and Limerick. Picture: Rollingnews.ie

A new property finance lender has entered the Irish market and aims to lend up to €300 million for new housing developments over the next three to five years. Elgin Property Finance, a subsidiary of MM Capital, the property investment firm founded by Peter Leonard and Derek Poppinga in 2013, said it is entering the Irish market to provide debt financing of up to 75 per cent loan to value and 90 per cent of...

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