Monthly Income.
Secured.
Earn fixed monthly rental income from our Dublin 7 portfolio.
Most suitable for Buy-to-let & ARF pension investors.
SERIES 2, DUBLIN NCR PORTFOLIO
Introduction
Basic Information
Name: RentFlow 5 for 5 Series 2, Dublin NCR Portfolio
Loan Issuer: Residential Property Secured Finance DAC (trading as RentFlow)
The Asset: The three buildings at 384 NCR, 456 NCR and 1 Hollybank Rd.
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Multi Family Homes with 27 affordable units.
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Low supply and high demand for good quality residential rental properties in this area.
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Huge catchment area for professional tenants (close to Mater hospital and large employers in IFSC, Silicon Docks etc.).
Facts and Figures
Loan Note Fixed Annual Interest Rate:
Minimum 5% p.a. (payable in 60 fixed monthly instalments)
Expected Term: 5 years
First legal charge over the borrower’s asset and the rental income account i.e., full asset backed security.
Loan Note Amount: €5,900,000
Independent Market Valuation: €6,600,000
Capital Security Buffer: 112%
Current Annual Rental Income: €462,000
Interest Payable to Investors: €295,000
Debt Service Ratio: 156%
SERIES 2, DUBLIN NCR PORTFOLIO
Background to the Investment
1. Buy
RentFlow acquired the properties in 2021
This portfolio of three multi-family homes (MFH) consists of 3 storey over-basement Georgian properties with 26 self-contained residential apartments and one hairdresser which is subject to a 10-year lease. The property maintains many of its original style and character with cleverly designed micro-accommodation throughout. Each apartment has its own kitchen and en-suite shower room and toilet. Each apartment is fully furnished with WIFI and TV access. The portfolio is located on North Circular Road Phiborough and Hollybank Road, Drumcondra.
2. Renovate
Improved living conditions for long term tenants
To guarantee that all properties earn a consistent amount of rental income and to keep our homes appealing to long-term tenants, we made essential upgrades to improve the comfort and convenience of tenants, such as installing new heating systems and new furniture and upgrades to bathrooms and kitchens. To boost tenant communications, we installed a new high speed internet system so they could conveniently work from home whenever is necessary. We also made upgrades to each building's fire safety and security, as well as secured all the essential compliance certificates.
3. Rent
Positive cashflow from stabilised rental income
The current rent in the portfolio is €462,000 with a potential market rent of €639,288 this means that the annual rental income has the potential to grow by a further €177,288 before it achieves market rent (source Q1 2022 DAFT Report). This shows how our portfolio is offering tenants an affordable rental income compared to the market and allows our property to maintain a very high occupancy rate year after year. These are positive cash flow properties which provides a steady flow of rental income every month. We convert the rental income into fixed monthly payments, maximising the income for our investors with minimum risk.
4. Refinance
RentFlow 5 for 5 – 5% p.a fixed for 5 years
Instead of using our rental income to pay a mortgage bank we use it to pay monthly income to investors. The borrower (CCIP) has a track record of perfect debt repayments with its current lender and as a result, can give a high level of certainty and comfort that all debt investors will receive their interest payments each month. As all debt lenders are fully secured with a 1st ranking charge, they receive priority in repayment of their loan interest. Each investor will receive A minimum 5% per annum each year for 5 years. The interest rate will remain fixed for the duration of the loan note. Over a period of 5 years, you will receive a fixed return of minimum 25% plus your initial investment back
SERIES 2, DUBLIN NCR PORTFOLIO
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SERIES 2, DUBLIN NCR PORTFOLIO
Calculate Your Fixed Monthly Returns
RentFlow offers these excellent returns without the expense or hassle of directly owning a property, with RentFlow 5 for 5 allowing you to receive a minimum 5% per annum each year for 5 years. Interest is paid directly into your bank account every month from the date of issue. The interest rate will remain the same for the duration of the secured loan notes period.
Fixed Monthly Returns
SERIES 2, DUBLIN NCR PORTFOLIO
Information Pack
RentFlow 5 for 5 - Series 2
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5 year secured (asset backed) loan note.
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Earn A minimum 5% fixed p.a. paid monthly.
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Secured by first charge over tenanted apartment buildings in Dublin.
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Low risk alternative to direct property investment.
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Invest from €100,000* - €500,000.
Asset Analysis, Structure, Keys Figures & Securities
SERIES 2, DUBLIN NCR PORTFOLIO
Key Information
SERIES 2, DUBLIN NCR PORTFOLIO
Frequently Asked Questions
LOAN NOTE SERIES
RentFlow 5 for 5 Series 2 Secured Loan Note - 2027
LOAN ISSUER
Residential Property Secured Finance DAC (trading as RentFlow)
PURPOSE
Funds to be used to refinance existing finance facilities
INVESTMENT STRATEGY
Asset Management opportunities to increase rental income. Rents below local market rents North City Portfolio. Current rents c. 5% below RPZ, maximum allowable for 2020/21. Once at RPZ maximum - increase with RPZ rules
ASSET QUALITY
Low risk, multi-family residential property with 27 units. Rental Income of c. €462,000 per annum, High yielding property, with steady cashflow and low impact of COVID-19, 99% Occupancy during COVID-19 pandemic, Fully tenanted with mix of single/couple occupancy studio and 1 beds, Located in high demand Dublin city locations beside large hospital and employers, Properties passed Due Diligence by existing finance lender on acquisition
UNDERLYING ASSETS
The three buildings at 384 NCR, 456 NCR and 1 Hollybank Rd and leases held by CCIP2
ASSET OWNER
Capital City Investment Partners Ltd NO2.
ASSET VALUATION
€6,600,000
TOTAL LOAN NOTE
€5,900,000
CAPITAL SECURITY BUFFER
112%
CAPITAL SECURITY 1
1st legal charge (mortgage) over the underlying assets, leases and shares of CCIP2.
CAPITAL SECURITY 2
Building Insurance Policy: Joint loss payee and interest noted in favor of Security Trustee (on behalf of the loan note holders)
CAPITAL SECURITY 3
Security of CCIP2’s bank accounts as well as the restricted bank a/c of CCIP2 in the Loan Issuers Name
TARGET RENT
€462,000 per annum
LOAN INTEREST
€295,000 per annum
DEBT SERVICE
156%
DEBT SERVICE RENT
63%
INCOME SECURITY 1
First ranking, preferential payee over shareholders and any other junior debt
INCOME SECURITY 2
Security of the borrowers bank accounts as well as the restricted bank a/c of the borrower held in the Loan Issuers Name
INVESTMENT TERM
5 Years
ANNUAL INTEREST RATE
Minimum 5%
RETURNS
Fixed interest paid to loan note holders monthly in arrears
CURRENCY
Euro
MINIMUM INVESTMENT
€100,000
AVAILABILITY
Private Professional Investors; Corporate; Family Trust; Pension/Post Pension/ARFs/AMRFs
FUNDS FLOW
Loan note funds are sent to the restricted Irish bank account of the Loan issuer which is solely used for the Loan Note Series 2. This bank a/c is jointly controlled with the independent security trustee with the funds disbursed to agreed parties once the securities are in place.
EXPECTED IRISH TAX TREATMENT
Income tax, where applicable in Ireland
EXPECTED INTERNATIONAL TAX TREATMENT
Subject to individual tax residency and Double Taxation Agreements with Ireland.
EXIT OPTIONS
1. New series issue, 2. Refinance of portfolio, 3. Sale of entire portfolio
