Fortwell Capital provides €21m construction loan for Red Rock Developments

British-based lender seeking to establish €300m Irish loan book and is structuring loan sizes of €10m to €50m

27th June, 2021
Fortwell Capital provides €21m construction loan for Red Rock Developments
Red Rock Developments will use the new Fortwell construction facility to develop its inaugural hotel, a 113-bedroom scheme on Gloucester Street in Dublin city centre

Fortwell Capital, a British-based lender to property investors and developers, has launched its services in the Irish market with a €21 million construction loan to Red Rock Developments Ltd, the property company led by Irish developer Keith Craddock.

Fortwell has teamed up with Dublin-based real estate investment, development and finance specialist Warren Private, which will act as Fortwell’s Irish partner in origination and underwriting.

Fortwell is seeking to establish a €300 million Irish...

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