Irish Times: Institutional investor buys controlling stake in Lotus Investment
0Since its establishment as a non-bank property lender in 2013, Lotus Investment Group has, under the direction of its Dublin-based director, Ian Lawlor, extended more than €350 million in finance to developers and investors active in the Irish market. Those volumes are now set to increase significantly as a result of the the deal struck between Lotus and Meitav Dash last Thursday.
Commenting on the transaction, Lotus Investment Group chairman David Grin said: “This deal is a recognition of the success of Lotus in Ireland. The developers that we have worked with have delivered over 2,000 homes to date. These same developers would have struggled to secure the necessary funds from the main banks.”
