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Capital secured. Income assured

Following the success of our fully subscribed SERIES 1, SERIES 2 is now open.

Earn fixed monthly rental income from our Dublin 7 portfolio

Anchor 1

PURE INCOME

Professional team specialising in pure income investments

PASSIVE INCOME

No landlord duties, maintenance, or RTB responsibilities

CAPITAL SECURED

INCOME ASSURED

Investors are always
top of the stack with 
triple-locked securities

First to be paid from
positive cash-flow properties

RentFlow is a low-risk and hassle-free way to earn passive income from the Dublin rental market. Suitable for busy private, pension and corporate investors.

RentFlow Series 2 - Dublin NCR Portfolio

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384 North Circular Road, Dublin 7

1 Hollybank Road, Dublin 9

456 North Circular Road, Dublin 7

  • Annual Income: €132,000

  • Avg per month: €1,833

  • Units: 6

  • Annual Income: €105,000

  • Avg per month: €1,250

  • Units: 7

  • Annual Income: €225,000

  • Avg per month: €1,339

  • Units: 14

RentFlow Series 2 - Dublin NCR Portfolio

Request a call back: Find out how to earn a fixed 5% p.a for the next 5 years from the Dublin rental market.

Earn a fixed 5

Monthly Passive Income

Each RentFlow 5 for 5 investor receives monthly payments from the rental income of our investment portfolio at a fixed income rate of 5% p.a. for a fixed term of 5 years.

Investment Amount
Monthly Income
Annual Income
5 Year Income
Total Returns
€100,000
€417
€5,000
€25,000
€125,000
€250,000
€1,024
€12,500
€62,500
€312,500
€500,000
€2,084
€25,000
€125,000
€625,000

Investors in RentFlow benefit from assured monthly passive income.

5% p.a payable for 5 years

1st legal charge

Fixed monthly payments

Suitable for Private, Pensions & Corporates

Series 1 - FULLY SUBSCRIBED (€6,2 million)
"The certainty of the amounts and timing of payments each month has been positively received and welcomed by all clients, especially given the current market conditions"
- Colm Morgan, CFO

Register for an info pack

RentFlow 5 for 5
SERIES 2, DUBLIN NCR PORTFOLIO

Over €2,500,000 raised to date 
Title
New Field
Property Value
€6,600,000
Rental Income
€462,000 p.a
​Securitised Loan Note
€5,900,000
Fixed Investor Income
€295,000 p.a
Investment Term
5 Years
Total Fixed Return
25%
Investment Amount
Minimum €100,000

Asset Analysis, Structure, Keys Figures & Securities

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Register for an information pack

Basic Information 

Facts and Figures 

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.

  • Multi Family Homes with 27 affordable units.

  • Low supply and high demand for good quality residential rental properties in this area. 

  • Huge catchment area for professional tenants (close to Mater hospital and large employers in IFSC, Silicon Docks etc.). 

Loan Note Fixed Annual Interest Rate:

5% p.a. (payable in 60 fixed monthly instalments) 

Expected Term:

5 years   

Security

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% 

Take a tour of 456 North Circular Road 

Included in Series 2: A fully refurbished and upgraded investment property comprising of 14 fully furnished apartments generating a rent flow of €225,000 per annum.

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Chief Financial Officer

Colm Morgan, FCCA

Rent Flow

151-156 Thomas Street, Dublin 8, D08 PY5E

Background to the Investment

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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.

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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.

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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.

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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 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 25% plus your initial investment back

Key Information

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 FIXED INTEREST RATE

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

An investment in RentFlow is not a regulated investment. 

It is an unquoted investment where you may lose all or part of your investment. While the loan notes are secured against the property, in the event of default there is potential to lose all or part of your investment. 

The investment is therefore only suitable for certain investors who have sought specific advice prior to the investment based on their own particular circumstance. 

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