Maslow Capital Completes €17 million developer exit loan in Dublin

By Bridging Loan Directory 21st January 2025

Specialist real estate finance provider Maslow Capital has announced the completion of a €17 million developer exit loan for Red Rock Developments, a multi-disciplined property development company known for its dynamic and fresh approach to real estate projects.

The 12-month loan refinanced the original development lender on The Gardens at Elm Park, a residential development located on Merrion Road in Dublin 4.

The development, which achieved practical completion in February 2024, comprises 77 high-quality apartments.

The facility refinances the remaining units, supporting Red Rock Developments as they transition to the next phase of their sales process.

Situated in one of Ireland’s most prestigious postcodes, the development offers exceptional connectivity and proximity to key locations such as Ballsbridge, Donnybrook, and Sandymount.

The deal was originated by Frank Daly, Origination Director at Maslow Capital, and a key member of Maslow’s local origination team in Ireland.

Frank’s deep understanding of the Irish market was instrumental in structuring this facility and providing tailored support to the developer in meeting a tight funding deadline.

Maslow Capital’s ability to support real estate professionals throughout their entire investment lifecycle across European markets is a cornerstone of its service.

With a comprehensive product offering—including bridging, refurbishment, developer exit, and development loans—Maslow delivers seamless support at every stage of a project.

The presence of local teams in Ireland, the UK, Spain, Portugal, and Italy further enhances Maslow’s ability to act as a reliable funding partner to real estate professionals across their portfolio.

Frank Daly, Director of Origination at Maslow Capital, commented:

“We are delighted to reaffirm our strong support for the Irish market with this significant bridging transaction, which underscores Maslow’s commitment to alleviating the undersupply of housing in Ireland.

We have full confidence in the Irish residential market, and our local team is well-positioned to partner with ambitious professionals as they progress their projects.

With the ability to provide finance from €300,000 to €300 million across our full investment lifecycle offering, Maslow is uniquely equipped to meet the diverse funding needs of developers in Ireland.”

David Carroll, Chief Investment Officer at Red Rock Developments added:

“We are pleased to have secured this bridging facility from Maslow Capital, as we complete the remaining sales at our Merrion Road development while also positioning Red Rock for future growth opportunities.

This facility reflects Maslow’s responsiveness and deep understanding of our ambitions, allowing us to maximise the value of our completed development.

Maslow were great to deal with, acting quickly and professionally to structure a solution that met our needs and allowed us to progress without delays.”