We are a new Investment Group based in Ireland, who provide private equity and loan facilities to experienced residential property developers over a 24 month period. Our Team is made up of highly experienced property lenders and construction professionals, with a full and complete understanding of the current residential market in Ireland.
Our goal is to assist developers in accessing finance by sourcing private investment on a project-by-project basis. Our aim is to become a principal leader in providing development finance in Ireland.
Not all projects will suit our investors. However, we will always provide a speedy resolution so our customers are not waiting on a decision.
We have over 80 years experience between our team members
DevCom Capital has an extensive skillset under one roof with experienced lenders and a wide range of construction professionals.
We place a strong emphasis on you to meet your project needs.
We can arrange 100% Joint Venture Development funding for deals in Ireland with a maxmum LTV of 70%.
In general, they must meet the following criteria:
Your Project must be a new development project.
Full planning in place is preferred, but considerations can be made.
Must be a experienced developer with a proven track record.
Residential housing schemes only.
The site must be an unsecured site.
Only multiple units will suffice for the project.
The project cannot exceed a 24 month period.
Gross loan amount of minimum €500k and maximum €5m.
If you are an established developer or building firm with a construction project that requires development finance or joint venture funding, click the contact button below to speak to us for financing options from our network of lenders and equity partners.
Your proposal could include joint venture partnerships that require minimal financial input from you, and we will work with you to arrive at the best outcome.
So if you're ready to start on your next development project, then you're ready to get in touch to secure fast and efficent funding.
Your knowledge of the local area, along with evidence of having a proven track record in the construction industry increases the likelihood of a funding solution being provided.
In order to receive the support of our funding network, your request for finance should include basic project viablity information, including: credible valuations, previous projects, a breakdown of costs, evidence of sales expectations.
So, who funds my project?
Just as peer-to-peer is great for small businesses to raise capital from a broad group of people, we have a select network of professional lenders, investors and fund managers who are well-placed to support property developers in need of a development finance.
Devcom Capital primarily supports multi-dwelling residential schemes, both for the private market and social housing schemes.
DevCom Capital engages with property developers, and with professional investors and lenders, to structure development finance for qualified property developers in Ireland.
The minimum commitment from each funding partner is €500k and there is a current maximum of €5m, which may sometimes come from a single funding line.
Each development submitted to us is expected to meet certain criteria, and we make this key information available to funding partners as part of a detailed project review. We operate as a central hub for lenders to access new clients.
For debt-based funding requests, for the developer will generally contribute 20% or more of the total project LTV as equity. Funding partners will generally propose a single or blended facility to meet the borrower's funding requirements.
For blended finance type projects and joint venture funding, DevCom Capital will source the project and carry out full construction management, in exchange for offering a share in the project returns with various or a single-funding partner. This may involve a full joint venture, or a mixture of debt and equity.
Projects submitted to DevCom Capital generally recieve offers of funding from development finance lenders and fund managers, professional investors, HNW individual and the broker market.
This means that HNW individuals, funds, brokers, specialist and general lenders, as well as professional investors, may propose funding solutions that best suit their unique operational profile. Each development will be a different lending proposition thereby allowing us to match with specific investor requirements.
DevCom Capital unlimited is a wholly owned subsidiary of William Neville & Sons Unlimited.
In its early days, William Neville & Sons was primarily involved in public sector contracts consisting of housing, schools, factories and hotels. In the late ‘80s, the company diversified from public sector contracts into property
development and now boasts operations across Ireland, the UK, Northern Ireland, the USA and Europe. In recent years the company has also built up a portfolio of hotels in Ireland, including the Rivercourt Hotel in Kilkenny, the Tower
Hotel in Waterford, the Royal Marine Hotel in Dun Laoghaire, and most recently the Druids Glenn Hotel in Wicklow.
The Group has a longstanding reputation for integrity, professionalism and excellence which can be attributed to the hands on role played by the senior management.
This wealth of experience will be brought to DevCom Capital to allow the company to grow and expand the business over the coming years.
Ken Keehan is CEO of DevCom Capital. He has over 30 years experience in the Banking industry. During this time he worked for INBS, Anglo Irish Bank and Ulster Bank primarily dealing with developers in the South East of Ireland. His
focus has always been on developing good working relationships with his clients and providing them with the level of expertise, knowledge and service they require to enable them to run their business in an efficient and effective
manner. Ken sits on DevCom Capital credit committee. He is APA qualified and a Practitioner of the Institute of Banking.
Noel Harrington is COO of DevCom Capital. He has over 30 years’ experience in the Financial Service Industry. Noel has held senior management roles in a number of Ireland’s largest financial institutions. His focus has always been
on developing a strategic relationship with his clients to ensure all objectives are achieved in an efficient and profitable manner. Noel is a permanent member of DevCom Capital’s credit committee. Noel is a QFA and an Associate
of the Institute of Banking.
Ready to start your next project with us? That's great! Give us a call or send us an email and we will get back to you as soon as possible!
DevCom Capital, Suite 8, Station House, Railway Square, Waterford, X91 T38K
Phone: +353 (51) 348311
Mobile: +353 (0) 89 4602028
DevCom Capital, 2nd Floor, 11 The Crescent, Limerick City, Limerick
Phone: +353 (61) 414575
Mobile: +353 (0) 866031963