Castlehaven Finance was founded in 2014 in response to the need for an alternative lender in the residential development market. Castlehaven Finance has provided in excess of €785 million in finance to Ireland-based developers since inception.
Avenue Capital Group, a global investment firm, acquired Pollen Street Capital’s interest in Castlehaven Finance, the leading development and bridging finance lending platform for Ireland-based property developers.
In accepting the award on behalf of the Castlehaven Finance team, Partner Will Aylmer said “We are delighted with the recognition of this deal by Finance Dublin, and indeed the finance community in Ireland. Castlehaven Finance entered the Irish market at a crucial point in the recovery of the economy, since then we have provided more than €785 million in finance to property developers.
This €250 million deal with Avenue Capital Group strengthens the organisation’s position to support homebuilders and developers deliver vital housing as the industry adjusts to unprecedented post-pandemic challenges. We are currently supporting 61 live construction sites that will deliver over 1,500 much-needed homes. Since the closure of the country we have provided finance for three social housing developments in Wicklow, Meath, and Galway which will provide 157 homes.”