New commercial property lender launches in Ireland
Timbercreek Asset Management has created an Irish commercial property lending business.
The Canadian property investment firm has made €200m (approximately £172m) available to support property investment projects across Ireland.
Timbercreek’s Irish team will be led by Paul Roddy (pictured above) and will target loan sizes from €1m to €50m (approximately £860,000 to £43m) providing loans for office, retail, rental apartments and hotels in Dublin and the regions.
Timbercreek co-invests and manages capital on behalf of Canadian institutional investors and pension funds with the ability to expand lending capacity further to meet demand.
It currently claims to be a leading player in the Canadian commercial property lending market, but has also established lending operations in the US and UK.
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