Firm issuing mini bonds to fund house building
First time such an offer has been used in Ireland to finance a property project
Foxglove Finance, a new property finance company founded by accountant Declan de Lacy and chartered surveyor Peter Stapleton, is raising a €1.6 million ‘mini bond’ to complete 29 houses in Courtown, Co Wexford.
This will be the first time such an offer has been used in Ireland to finance a property project. Foxglove’s directors are already working on three other similar projects.
The initial so-called ‘mini bond’ will see Foxglove issue a loan ...
