Project Rathfarnham – White Pines

Investment Highlights

• Strategic Location: 

• The site enjoys easy access to the M50, Dublin city center, and nearby amenities like Ballycullen, Knocklyon, and Rathfarnham Village—making it popular with first-time buyers, families, and those seeking affordable apartments.

• Strong Project Fundamentals

• Full planning permission is granted for 75 units: 46 houses and 29 apartments.

• The developers are in advanced discussions to pre-sell all apartment units to an AHB, which further de-risks the project.

• Demand for new-build housing in South Dublin remains high, supported by robust job growth and limited housing stock.

• Attractive Returns

• Investors in the junior loan target a 20% annualized return, with a minimum 12-month interest guaranteed if repaid early.

• The 22-month term provides a moderate timeframe, balancing liquidity with potential upside.

• Experienced Developers

• The Promoters, Chris & Ciaran Kavanagh, have delivered over 200 units in the last five years, many sold to local authorities or Approved Housing Bodies.

• Funding Structure

• The junior loan ranks behind Castlehaven Finance (Senior Lender), but is secured by a second charge on the site and development.

Exit Strategy

Letter of Intent provided by local housing authority to acquire all units. Open market potential underpinned by red book valuation and third party agent assessment.