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Canadian lender enters Irish commercial property market

Timbercreek plans to lend up to €200m in next two years

Canadian property investment firm Timbercreek Asset Management has become the latest overseas specialist lender to emerge on the Irish commercial property market, with plans to lend up to €200 million for investment projects over the next two years.

The Toronto-based group, which has CAN$6 billion (€4 billion) of assets under management, has hired Paul Roddy, a former executive with Hudson Advisors, which provides asset management services to US private equity firm Lone Star, to lead the Irish business. Mr Roddy also previously worked for Irish Bank Resolution Corporation.

Irish Times View Full Article

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The option of selling the property and discharging the debt is not an option for those who find themselves in difficulty..

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