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New Provider Of ‘Bed-Led’ Finance Offers €300m In Developer Loans

Elgin Property Finance, a new Irish property finance lender, has partnered with Pollen Street Capital, a London-based venture capital company, to provide up to €300m for Irish property development loans over the next three to five years.

Part of the Irish MM Capital group, Elgin aims to provide debt finance primarily for housing projects including social housing, as well as other “bed-led” assets such as care homes, student accommodation and hotels throughout Ireland.