Onate offers fast, in‑house underwritten bridging and term loans secured against residential, mixed‑use and commercial properties in Ireland and Spain. Loans range from €250 k to €5 m, are interest‑only, can be repaid without penalty after 90 days, and are structured with flexible terms up to 36 months to help investors and developers seize time‑sensitive opportunities.
Funding
$53.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Property investors and developers often need rapid financing to secure time‑sensitive opportunities such as auction purchases, debt settlements, or equity releases. Traditional bank lending can be slow, require extensive documentation, and impose rigid terms, causing deals to fall through.
Solution
Onate provides short‑term bridging loans and longer‑term term loans secured against residential, mixed‑use, and commercial properties in Ireland and Spain. All credit decisions are made in‑house, enabling approvals within days and closures in two to three weeks. Loans range from €250 k to €5 m (larger amounts considered), are interest‑only, and can be repaid early without penalty after 90 days. The platform offers flexible loan‑to‑value ratios up to 75 % in prime locations and structures terms up to 36 months. By leveraging multiple senior funding lines—including a €75 m warehouse facility with Citi, a €100 m bond programme, and a Triple Point line—Onate can fund transactions quickly while maintaining strong capitalisation.
Target Audience
Primary customers are property investors, developers, and corporate vehicles that require fast, flexible financing to acquire, refurbish, or refinance residential, mixed‑use, or commercial assets in Ireland and Spain.
Features
- In‑house underwriting and decision‑making for approvals in as little as five days
- Interest‑only, first‑charge mortgage secured loans with early repayment flexibility after 90 days
- Loan amounts €250 k–€5 m (larger considered) and LTV up to 75 % for prime assets
- Terms up to 36 months, with no pre‑payment penalties, supporting both bridging and longer‑term financing
- Coverage of residential, mixed‑use, commercial properties and light refurbishment projects in Ireland and Spain
- Corporate‑vehicle borrowers accepted, including newly incorporated entities and SPV‑linked assets
- Access to diversified institutional funding (Citi warehouse, Triple Point line, €100 m Vienna‑listed bond programme) ensuring ample liquidity