European real estate manager Redevco has provided a €57.3m senior loan to finance a 156-unit residential project in Dublin being developed by Bain Capital.
The green loan facility will fund the build-to-sell scheme in Mount Anville, where Irish developer Regency is acting as development manager to deliver the homes.
Richard Craddock, head of real estate debt at Redevco, said: “We are delighted to be supporting Bain and Regency in delivering this high-quality residential scheme, serving a supply-constrained Dublin housing market.
“The transaction further underlines the breadth of our pan-European debt strategy, which focuses on delivering best-in-class real estate in core markets and high conviction sectors.”
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