This loan will be used to develop a 235-key hotel in The Liberties, built across eight storeys on Fumbally Lane.
The borrower has agreed a long-term lease agreement with The Ascott Limited and the hotel will operate under its Lyf brand.
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Designed to serve both leisure and corporate demand, the scheme will comprise a mix of standard rooms and studio units with kitchenettes, alongside ground-floor amenities including café, lounge and co-working facilities.
"What made this transaction well suited for our lending solutions product was the combination of a distinctive concept, strong delivery team and an excellent operator,” said Aron Connolly, director of lending solutions at Maslow Capital.
“Our role was to understand the borrower’s business plan and structure a facility around it, rather than fitting the project to a standard template."
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