Preference Equity for Irish Developers

We partner with experienced residential developers across Ireland by investing preference equity for acquisition of land with planning, initial working capital for shovel-ready projects and selected mid-construction-stage opportunities.

Our capital is designed for projects with strong fundamentals and sponsors with a clear track record of delivery. It can be used to complete the funding package for a new scheme or, where senior funder consent is available, to release capital from an active development so future sites can be acquired outside the existing security pool.

Our Unique
Approach

We take a practical approach to structuring. Each investment is tailored to the scheme and sits alongside the wider capital structure in a way that supports delivery. Structures are flexible and typically combine a fixed coupon with a profit share, and flexible approach to fee structuring.

Two men are sitting and talking in a white room, one in a suit and the other in a light blue shirt, with a door in the background.

Who We Partner With

What matters most is experience, execution capability, and a disciplined approach to risk and delivery. We partner with:

  • Large Institutional Development Platforms

  • Long-established Family Builders & Developers

  • Growing Small to Mid-sized Residential Developers

  • Start-up Developers with a Track Record Working in an Established Family Builder or Developer

Our Target Sectors

  • Residential housing (phased housing, build to sell apartments, build to rent apartments) in Locations Supported by Strong Underlying Demand Fundamentals

  • Purpose Built Student Accommodation

We typically invest €3 million to €5 million, with capacity up to €15 million, and can fund up to 85% of the required equity for the right opportunity.

CONTACT US

Key Benefits

Bridge the Equity Gap

1

Preference equity helps complete the funding structure without relying solely on sponsor capital.

Preserve Control

2

Raise third-party capital without giving away the same level of ownership and control typically associated with a traditional joint venture.

Stretch Sponsor Equity Further

3

Reduce the amount of capital tied up in any one project, helping support a broader pipeline.

Flexible, project-specific structures

4

Each investment is structured around the scheme, the sponsor and the wider financing package rather than a standard template.

Alignment with Project Performance

5

Our structures typically combine a fixed coupon with a profit share, aligning returns with delivery and project outcomes.

Two professionals, a woman with blonde hair and a man with dark hair, sit at a wooden table, smiling while looking at a tablet.

Investment Approach

  • Introductory meeting with the development team to understand the scheme, capital requirement and delivery timeline.

  • Review of the scheme, site, planning position, budget, sales and proposed capital structure.

  • Heads of terms issued, setting out the proposed investment structure, economics and conditions.

  • Terms approved by our Investment Committee. Legal documentation drafted and executed alongside wider finalisation of the funding structure.

  • Funding released for its agreed use. The developer retains day-to-day control of construction, sales and the professional team. During the delivery phase, we rely on Lender commissioned QS reports for project oversight.

CONTACT US