Värde Provides €70 Million Refinancing Loan for Dublin Multifamily and Hospitality Properties

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March 21, 2024

LONDON – Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that an entity owned by Värde-managed funds has provided a €70 million loan to the Moran Group for the refinancing of commercial real estate assets in Dublin, Ireland.

The loan is backed by the newly developed Rockpoint apartment complex in south Dublin as well as the Red Cow Moran Hotel and adjacent Red Cow Inn pub located in southwest Dublin. The Moran Group, run by the Moran family of prominent hoteliers, has owned and operated the Red Cow complex for more than 30 years. Rockpoint, completed in January 2024, is the newest addition to their portfolio of residential properties.

“We would like to thank Värde Partners for backing us on this financing, and we look forward to growing our business with their continued support,” said Michael Moran, a Director at the Moran Group.

“This deal exemplifies Värde’s tailored, partnership approach to structuring financing solutions for strong borrowers backed by well-located assets,” said Tony Iannazzo, a Partner at Värde. “We are pleased to partner with the Moran Group during an exciting chapter in their history, particularly with the launch of Rockpoint, bringing high-quality housing to the undersupplied Dublin market. We welcome opportunities to work with asset owners across Europe as they navigate a dynamic real estate market.”

Värde has 30 years of experience investing in real estate credit and assets with deep expertise across all major asset classes. Värde’s global real estate team is supported by in-house asset management professionals as well as a partnership with an industry-leading servicer and asset manager. As an originator of real estate credit solutions, Värde seeks to provide flexible capital and certainty of execution to borrowers.

About Värde Partners
Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Värde currently manages approximately $13 billion in assets with teams in North America, Europe, and Asia Pacific focused on Corporate & Traded Credit, Real Estate, and Financial Services & Diversified Private Credit. For more information, please visit www.varde.com.