Investors move to back mortgage-to-rent scheme

New Beginning set to be first private fund-backed operator to avail of the state’s revamped distressed mortgage solution

12th February, 2017
New Beginning founder Ross Maguire

New Beginning looks set to be the first private fund-backed operator to avail of the state’s revamped distressed mortgage solution. Its German high net worth family investor, Brant Estrada, has provided an initial cash bond of €50 million.

“We’re unlike everyone else in that we have our money and we’re transacting with homeowners,” said founder Ross Maguire last Friday.

He said New Beginning had already begun engaging...

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