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Home Building Finance Ireland

By: Tom Leahy | Posted on: 23 Oct 2019

Home Building Finance Ireland

About the HBFI


The establishment of the HBFI os one of a number of measures being taken to address the Housing Shortage. It provides as source of funding to small and medium sized builders/developers on a commerical basis. 


HBFI has €750m available from the Ireland Stratigic Investment Fund, with an ability to raise further funds on the market should they be required. 


Lending Criteria 

  • HBFI has the ability to lend up to 80% of Loan to development Cost (LTC) at a margin of between 5% and 8% depending on the rish profile of each project. 
  • All lending is on a commerical basis, with industry standard terms and conditions. 
  • HBFI provides senior debt funding for the development of 10 residential units  and above with a maximum of €35m for any single facility 
  • Sites must have planning permission or have lodged a planning application with the relevant authority. 
  • HBFI provides further funding for purchase and development of ready to go sites (sites with planning permission for residential development). Development of these residential sites must be undetaken within a contractually agreed timeframe. 
  • Funding is only provided to corporate entities. 
  • The max term for which HBFI lends is 5 years.