IDLF (Irish Diaspora Loan Fund)

IDLF (Irish Diaspora Loan Fund) is rated 3 out of 5 in the category investment management. Read and write reviews about IDLF (Irish Diaspora Loan Fund). Investing in Ireland & supporting the creation of Irish jobs. The Irish Government created the Immigrant Investor Programme to facilitate non-EEA nationals and their families who commit to an approved investment in Ireland to acquire a secure residency status in Ireland. The Programme was established by the Irish Government in 2012 to stimulate productive investment in Ireland and to offer residency in Ireland with its associated advantages to dynamic business professionals with a proven record of success. The investor must invest €1m for a 5 year term in order to meet the requirements of the Immigrant Investor Programme. The IDLF (Irish Diaspora Loan Fund) is a Central Bank of Ireland approved and regulated investment fund which gives overseas investors the opportunity to invest in Ireland, while supporting Irish job creation. The IDLF provides lower cost, asset-secured finance to the Irish hotel sector. Loans are provided to suitable Irish hotels on more favourable terms compared with traditional banking institutions, and are secured against the hotel property. Loans are provided on a fixed 5 year term. In return for lower cost finance, the hotel is required to spend the financial savings on upgrading the hotel asset (building an extension, refurbishing bedrooms, new facilities, etc), and also demonstrate to the IDLF the growth in employment during the 5 year term. This upgrade investment increases the value of the hotel, while also improving the tourism sector and creating new Irish jobs. The IDLF is a low risk, low return fund which provides the investor with a safe route to the Immigrant Investor Programme.