Santiago Capital sees growing demand for non-bank lending in the Irish market, according to its chief executive, Graham Cawley.Non-bank financier Santiago Capital has hit €100 million worth of loans after four years in business, according to its chief executive Graham Cawley.
Santiago raises its capital from private clients who the firm’s chief executive describes as “entrepreneurial individuals” willing to take reasonable risks with their cash. According to Mr Cawley, it’s not unusual for Santiago to provide mezzanine finance if that is needed to make a deal work. Projects it has financed include 37 homes on the Malahide Road for Beacon Shaw. It is also backing an apartment development for that business on Clanbrassil Street that has just qualified for the Government’s Croí Cónaithe scheme, meant to underpin such projects’ viability.