Cullaun Capital DACMonday, 02 March 2020
ByrneWallace LLP advises Cullaun Capital Designated Activity Company, an established provider of development finance to the residential and healthcare sector in Ireland, in connection with a loan facility to a Borrower the purpose of which was to fund the development of a new 90 bed nursing home in Carnew, County Wicklow.
The scope of work involved negotiating and agreeing an LMA-style REF development facility agreement and all supporting security documentation, together with reviewing and commenting on the construction documentation, to include all main project contracts, letters of appointment, collateral warranties, as well as conducting property due diligence.
The ByrneWallace LLP team who advised on the deal include Paraic O'Kennedy, John Crowe and Jane McKay (Banking & Finance), Ronan Egan (Property) and Martin Cooney (Construction).
For further details on this transaction, see the press coverage below.