We are delighted to confirm that Cantor Fitzgerald investors were repaid the capital they invested, together with a return of 13.87% on the successful refinance of the senior loan note issued by Ballisk Homes Limited in August 2016.
The loan note was used to purchase a development site at Donabate, Co. Dublin and to fund construction of phase 1 of a scheme of residential units.
Ballisk Homes made the decision to exit the loan note structure early as they wished to include the development at Donabate as part of a wider finance package agreed with a funder. The protections built into the loan note structure saw our investors generate a return of 13.87% over a period of roughly 13 months. The redemption transaction closed successfully on 18th September 2017.