Funding Success | Property Bridges closes a major financing phase for the residential development in Bettystown

18/05/2026 – ⏱ 3 min

This article is for informational purposes only and does not, under any circumstances, constitute investment advice or a recommendation.

The crowdfunding platform Property Bridges has successfully consolidated a new capital-raising phase within Ireland's dynamic real estate sector. The campaign aimed at providing liquidity to the residential development of 38 homes on Ardmore Avenue, Bettystown, in County Meath, has completed the receipt of a financing tranche worth €455,000 within a period of 4 days from its opening on the platform's official channels.

The financing process maintained a constant and progressive flow of capital, recording an average contribution rate of €79 per minute. This steady cadence of investment demonstrates the sustained interest that international investors place in residential projects on the outskirts of Dublin, especially when presented at advanced building stages and with markedly contained risk schemes.

Capital-Raising Dynamics

Although, due to the speed of the process and the allocation format in this specific tranche, the data relating to the total number of participating investors and the average contribution ticket have not been published in a detailed breakdown, the evolution of the campaign confirms a solid support base. Property Bridges users viewed the incorporation of this asset into their portfolios favourably, attracted by an annual interest rate of 7.5% and a short-term divestment horizon set at 13 months.

The ability to complete the round in just four days confirms the platform's maturity in channelling private savings towards the Irish developer market, taking advantage of windows of opportunity where the underlying asset offers safety metrics well above the market average.

Strength of the Underlying Asset and Progress of the Works

One of the factors that weighed most heavily in investors' decision is the advanced state of execution of the works carried out by the company Kilpep Development Limited. Unlike loans intended for land purchase or the initial excavation phases, the project in Bettystown has construction milestones already consolidated that eliminate the main technical uncertainties:

From a financial standpoint, the total estimated market value once the 28 houses assigned to this financing phase are completed (GDV) stands at €10,258,000. With these magnitudes, the loan-to-net-delivery-value ratio (LTNDV) is set at a comfortable 53.4%, offering a substantial protection cushion against any fluctuation in the real estate market.

Strategic Location and Exit Risk Mitigation

Bettystown has consolidated itself as one of the coastal localities with the greatest growth and success as a commuter town for the Dublin metropolitan area. The project is located just 1.5 kilometres from the municipality's urban centre and has quick connections to the M1 motorway and the Laytown railway station, facilitating daily transport towards the capital's centre and the airport.

The commercial and sales risk of the development is strongly mitigated. The developer is in advanced stages of negotiation with an Approved Housing Body (AHB) for the block sale of all the units under the social and affordable housing model. In the event that this institutional route were not completed, the high demand in the area for the open residential market would amply cover the liquidity requirements for the loan's repayment.

With the allocation of these €455,000, which add to the more than €2 million already invested by the developer in equity, the works face their phase of internal finishes and paving infrastructure with the backing of a first-rank mortgage guarantee (First Fixed Charge) in favour of investors.

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