Comments on: NAMA’s €250m loan portfolio for sale http://namawinelake.wordpress.com/2013/01/20/namas-e250m-loan-portfolio-for-sale/ Click the green link above for latest news and over 2,600 related articles. NAMA - National Asset Management Agency - part of Ireland's response to its banking crisis and property bubble Sun, 19 May 2013 10:13:33 +0000 hourly 1 http://wordpress.com/ By: who_shot_the_tiger http://namawinelake.wordpress.com/2013/01/20/namas-e250m-loan-portfolio-for-sale/#comment-57402 Mon, 21 Jan 2013 00:54:47 +0000 http://namawinelake.wordpress.com/?p=13528#comment-57402 With limited exceptions, the Irish situated single property asset is not attractive to the only real buyers in town – the private equity funds. It’s too small. They need packages of €100 million plus.

Selling single assets in the current market means selling them for cash. There is limited or no senior bank debt available. What is available is only there for the prime investment properties.

The only way for NAMA to sell such packages is to assemble the loan portfolios of its borrowers and offer them to the carpetbagging equity funds who hope to make a minimum 20% IRR from their purchase over the next 5 years before exiting the market after an anticipated rise in values.

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