Jerry O’Reilly seals hotel debt deal
Former Bernard McNamara development partner walks away from Danske vulture fund debt
High-profile property developer Jerry O’Reilly has closed a deal which will see him walk away from the vulture fund that bought some of his boom-era development loans.
It is understood that debts secured on the Absolute Hotel in Limerick have been refinanced by a British boutique finance house.
The loans, which were originally advanced by AIB in 2006, were bought by Deutsche Bank in 2015.
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