The Challenging Irish market

What is happening in Ireland

• Traditional lenders have abandoned the Irish market over the last number of years. The main Irish banks have limited liquidity, except for the very safest deals.

• Vulture funds and non-bank lenders have stepped in to fill this void.

• Current non-traditional lenders either want to exit the market or have fully deployed funding lines.

• The general lack of liquidity is holding clients back from exiting existing borrowing structures to move forward with their business strategy.

• There is no runway for clients with poor credit record to raise funds, even with significant property portfolios.

• If available, the cost of funds are too high with no clear exit strategy, exacerbating the client’s problem rather than offering a structured solution.

• In short, there is a lack of facilities for asset rich clients.