Irish property lender secures extra funding from British backer

Onate provides bridging loans of up to €4 million to small and mid-sized investors in residential, mixed-use and commercial developments

Daniel Gandesha, founder of Onate: ‘The Irish property market hasn’t been impacted that much by interest rates because Ireland has such an acute supply challenge.’ Picture: Fergal Phillips

Onate, the Irish property lender, has closed a new €10 million funding line with a British financial institution, its fourth facility since the company was established two years ago.

The move comes as recent figures show Onate has become the third most active non-bank lender in Ireland, with more than 100 loans totalling over €60 million provided since March 2021.

Onate is led Dan Gandesha, a British entrepreneur, who established the firm following a move ...