The HBFI Apartment Funding Product is primarily geared towards apartment development as opposed to site purchase but may incorporate funding for site as part of overall facility.
The indicative Apartment Funding Product criteria are as follows:
- This product is for developments consisting of predominantly apartments
- Gearing of up to 80% (includes site purchase and development funding)
- This product can be used to fund developments with pre-sales/private sales or a mix
- Margin and fees will be reflective of risk pertaining to each development. Please contact HBFI to discuss your project
Ideally, the site should have planning permission or be in the process of achieving planning permission.
The maximum funding provided under this product type is €75m.
Any other questions?
If you would like to enquire further about this product, have any further questions or would like to submit an application for funding, then please complete and submit the enquiry form below.
Following submission of the form, a member of the HBFI lending team will contact you within two working days to answer any queries that you may have and/or guide you through the application process.
Please also see our FAQ Section for further information.
The criteria set out above are indicative only and subject to change. HBFI will assess each transaction on its own merits and each transaction will be subject to the applicable terms and conditions. If an applicant meets the above mentioned criteria, this does not guarantee credit approval. HBFI reserves the right to make its final decision based on the full application and supporting documentation.