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...

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