Wednesday April 1, 2020

Nama vendor financing: the pros and cons

Brendan McDonagh said Nama will provide vendor finance on every loan sale it makes this year. Assessing this latest announcement is not easy, writes Richard Curran.

7th March, 2012
"Things may be about to get a whole lot more complicated at Nama," writes Richard Curran.

Assessing the latest announcement by Nama chief executive Brendan McDonagh is not easy. McDonagh said the agency will provide vendor finance on every loan sale it makes this year.

In an interview published in this morning’s *Financial Times* he said it was an attractive option for buyers. How do we make sense of this? Lets interpret it negatively first of all:

**1/** The property market is still so bad and the banks are...

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