Carson McDowell advises Bank of Ireland on £65 million loan facilities to Northern Ireland Co-Ownership Housing Association Limited
31 January 2017
Carson McDowell recently advised Bank of Ireland on a £65 million loan facility to Northern Ireland Co-Ownership Housing Association Limited (“Co-Ownership Housing”).
Combined with £100 million in financial transactions capital (“FTC”) received from the Department for Communities (the “Department”), Co-Ownership Housing will invest the funding in 2,800 new homes over four years.
The Banking & Finance team is also advising Bank of Ireland on inter-creditor arrangements with the Department in the wake of continued FTC funding to Co-Ownership Housing.
The transaction has been described as one of the largest finance deals in Northern Ireland, and further details are available at: