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News Banking

Advising AIB on Financing the Adamstown Project

We are pleased to have advised Allied Irish Banks on its financing of the construction and forward sale by Quintain Ireland of 392 apartments at The…

24/05/24

About Karol

Karol is a Financial Services Partner, offering expert guidance to financial institutions and borrowers on leveraged, acquisition, and commercial real estate finance matters. Clients know Karol for providing commercial and strategically informed advice.

Karol has significant experience advising on multi-jurisdictional finance transactions and is regularly instructed by foreign clients in respect of Irish banking law. In addition, he specialises in leveraged finance and commercial real estate finance.

Recently, Karol advised Irish both domestic financial institutions and developers in financing the development of a number of large scale residential and commercial developments including PRS (Private Rental Sector) forward sales.

Banking

Financial Services

Leveraged Finance
Development Finance
Commercial Real Estate Finance
Acquisition Finance

Karol advises:

Institutional and private clients, international and domestic
Financial institutions
Purchasers on the sale or acquisition of performing and non-performing loan portfolios

Engagements

Regular in-house training sessions speaker in Irish lenders/financial institutions
Regular contributor/speaker to internal MHC training sessions

Education

University College Dublin, BBLS
University College Dublin, LLM (Commercial Law)
University College Dublin, Diploma (Arbitration)

Professional Memberships

The Incorporated Law Society of Ireland
Law Society of England and Wales

Acted for AIB as senior lender in the context of facilities of approximately €72 million in aggregate to Durkan (Brickfield Drive) Limited to finance the construction of large residential development of 282 residential units to be sold by way of forward sale to Goodbody Platform ICAV acting on behalf of its sub-fund Irish Residential Sub-Fund 1.
Acted as lead counsel for Allied Irish Banks, p.l.c. as agent and a syndicate of domestic and international banks in respect of the refinance of acquisition facilities to the Mater Private Group, Ireland’s largest private hospital group
Acted for JMK Group in respect of its €70m refinance of facilities with Barings and Fairfield Real Estate Finance related to the 421 bedroom Holiday Inn hotel at Dublin Airport, Ireland’s second largest hotel
Acted for Allied Irish Banks, p.l.c. in respect of facilities to fund the development and delivery of large scale residential developments at Adamstown, Portmarnock and Crumlin (approximately 2000 residential units) and multiple PRS forward sales to both international and domestic purchasers
Acted for Home Building Finance Ireland (Lending) DAC in respect of facilities of approximately €300m in aggregate to finance the construction of large scale residential developments of approximately 1500 residential units in aggregate
Acted for Quintain Ireland in respect of its development of the €500m commercial and residential development, the related financing and the forward sale of its large scale PRS and to an international investment fund
Acted for Allied Irish Banks, p.l.c. in respect of facilities to Brian M. Durkan Group to fund the development and delivery of PRS and Co-Living residential developments at Davitt Road, Brickfield Drive and Mountjoy Street
Acted for Bank of Ireland in respect of facilities for the acquisition by a fund of 4 shopping centres in Ireland
Acted for Bank of Ireland in respect of facilities to fund the acquisition of approximately 500 residential units in Dublin

Contact Karol

Discuss your related questions with Karol Fox now

Karol Fox

Partner

+353 86 805 5265 kfox@mhc.ie