Mars Capital refinances €500 million of loans portfolio

More than 83 per cent of the portfolio’s loans were classed as non-performing at some stage in the litigation process

Investment firm Mars Capital, which has been one of the biggest acquirers of distressed Irish banks loans, has refinanced more than €500 million of its mortgage portfolio.

The firm has sold a number of bonds backed by €517 million of mostly non-performing loans it acquired since the economic crash. Documents seen by this newspaper show that more than 83 per cent of the portfolio’s loans were classed as non-performing at some stage in ...