I am looking for funding for 2 projects. I require funding for acquisition and re-development with the view to secure a long term mortgage once properties are complete to pay back original funding, Both properties are located in Dublin, Ireland.
The first is a property that is being sold by my last employer IBRC, a bank that is in liquidation and therefore a below market price would be achievable. I have been informed that a sale for €150,000 has fallen through. I believe I could acquire the property for less than €100,000 and redevelop the property for €80,000 within 6 months, total spend €180,000. The property is located within the city center and rent would be secure. The rental value once complete would be c€30,000 per annum and completed sales value would be over €320,000. Funding required €170,000, loan term 1 year.
The second property is currently on the market for €550,000 and is a vacant 6 floor office block that was constructed in 2006 but never completed. The building would be better suited as 6 apartments. I believe i can acquire the property for €350,000 and the redevelopment costs would be in the region of €300,000 total costs including fees and taxes would be circa €700,000. The rental value on the property would be €90,000 per annum and the completes sales value once fully let would be over €1,100,000. Funding required €700,000, loan term 1 to 2 years.
If the above is of interest to you i can provide more detail.
You might let me know what your loan terms are and if you provide funds to Ireland.
Please contact me directly via email me at Hans Donaldo firstname.lastname@example.org
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