Cantor Fitzgerald successfully raises €6.75m by way of a Senior Loan Note for Ballisk Homes Ltd
Cantor Fitzgerald successfully raised €6.75m by way of a senior loan note for Ballisk Homes Ltd from our private client base. Funding was for the acquisition of a 10-acre site in Donabate, north County Dublin as well as construction of 82 residential units thereon. The loan note is for a maximum term of 30 months with an annual coupon of 9%. It has the benefit of first ranking security over the property of assets and shares of Ballisk Homes Limited. The loan note provided 76% of the peak funding cost of the project, with the balance being provided by way of promoter equity/junior debt.
Ballisk Homes is owned and managed by the Lynch family. Previous and current developments include Roseberry Hill (Newbridge), Ashvale Court (Duleek) and Kellett’s Grove (Dunshaughlin).