Canadian property investment firm Timbercreek Asset Management has launched a property lending operation in Ireland.
Timbercreek will have €200m initially to invest.
It is targeting loans sized from €1m to €50m to sectors including office, retail, rental apartments and hotels.
The company said it it will look at opportunities in Dublin and regionally and will offer "flexible structuring, higher leverage, and speed of decision-making".
Timbercreek co-invests and manages capital on behalf of Canadian institutional investors and pension funds, and has the ability to expand lending capacity further to meet demand.
It also has established lending operations in the US and UK.
Its new head of Irish debt, Paul Roddy, said Timbercreek would back investors who are currently underserved by the traditional banking sector.
"Timbercreek's philosophy is to build long-term relationships with customers and to deliver them a flexible service based on quick decision making and execution. We are establishing ourselves as a long-term lender to the Irish market, with the ability to recycle capital back into new loans," Mr Roddy added.