The way it works

Client Profile

relm is relationship-based. relm grows with its clients. relm lend to limited companies and SPVs who have purchased property for letting purposes or requiring light refurbishment prior to letting. We take security over the property, the lease(s) and the rental income.

The Product

Loan Amount: min. limit of €1m upwards (note: largest loan >€100m).

  • Type: Whole loan or stretch senior finance. 

  • Term: 3 years plus. 

  • Security: Standard.
    - Debenture incorporating and first lien mortgage charge.
    - Non-personal recourse.

  • Lending Criteria.
    - Located in Ireland.
    - Experienced sponsors. 

  • Asset mix: Residential and commercial income-producing assets or assets requiring light refurbishments. 

Loan to Value: up to 75% of red book valuation depending on cash cover from rental income.

Asset Class

All commercial real estate across Ireland including residential investment, mixed-use property, Pubs, Industrial, retail, retail warehousing, hotels, office, creche’s and car parks.

The Process

Our process is straight forward taking an average of 5 weeks to complete.

  • We meet you at your convenience. 

  • We assess the opportunity.

  • We establish the points that are important to you.

  • We visit the asset.

  • A credit application is produced and discussed.

  • If approved, we issue you a Term sheet.

  • We discuss and agree final terms with you.

  • We ratify the credit approval.

  • We commission an industry standard (red book) valuation.

  • We instruct our legals to liaise with yours.

  • We draw the funds and close the deal.