Residents say 42 tenants, including 19 children, were served notices to terminate their tenancies in an apartment block off Clanbrassil St Lower, which had been bought by Bain Capital-connected Val Issuer DAC not long back. https://t.co/wAMvbZHams
— Dublin Inquirer (@DublinInquirer) June 11, 2019
The Department of Housing confirmed to The Sunday Business Post that a number of homes which were sold by Nama to Cerberus in recent years are part of a portfolio of properties under offer by the Housing Agency.
The homes are contained in a portfolio of almost 200 homes currently under negotiation between the Housing Agency and Cerberus, code-named Project CB by the state authority.
The Department of Housing confirmed that 26 of the homes in the portfolio were previously controlled by Nama.
“The vast majority of properties being progressed in the current transaction are not related to state institutions or state-financed institutions. A small number of properties have loan charges that were acquired from Nama by Cerberus,” a spokesman for the agency said.
Ulster Bank is to sell 5,200 non-performing mortgages to affiliates of so-called vulture fund Cerberus for €1.4 billion.
The portfolio of loans includes around 2,300 mortgages relating to private homes and around 2,900 mortgages covering buy-to-let properties.
Last week: Pass The Parcel
Permanent tsb, Grafton Street, Dublin 2
Solidarity TDs, including Paul Murphy and Mick Barry and party activists take opposition to the planned vulture fund sale 14,000 Permanenbt tsb loans to the Grafton Street branch..