American fund in talks to buy 5,000 PTSB home loans

A €3 billion-backed fund has a bid under offer with Permanent TSB to buy 5,000 non-performing mortgages, and is in active discussions on further blitzed home loan acquisitions, The Sunday Business Post understands.

22nd February, 2015

Arizun is at ‘under offer’ stage with PTSB to acquire the loans with a face value of €1.4 billion, several sources said. Three bigger deals involving two more sets of loans attached to a further 10,000 homes, believed to originate from AIB and EBS, are described as being in the pipeline.

Arizun and its associates have met and received positive feedback from senior officials from the Taoiseach’s office, the Tánaiste’s officials, the Department of...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The Last Post: Political page-turner takes a fresh look at a leader less ordinary

Dan O’Brien: As inflation rises across Europe, Germany and the ECB are watching Italy with interest

Vincent Boland: Europe’s most unloved sector beginning to attract advances