Nama hikes developers’ interest rates as building row escalates
Bad bank’s move seen as counter strike against developers challenging home-building plan
Nama is systematically increasing the interest rates it is charging developers that it has entered into joint venture agreements with.
The move is being seen as a counter strike against a different group of developers who are challenging its plans to build up to 20,000 homes in the next four years.
Sources said that several developers have been landed with rate increases as facilities fall due for renewal, or as new facilities are issued. Sources said...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures
The Daily Briefing
What’s coming up today and what you might have missed
The Daily Briefing
What’s coming up today and what you might have missed.
