Developer vs Investor Risk – The Implications for NAMA
نویسنده
چکیده
In essence, the Irish banks have become deeply involved in two distinct areas of commercial property lending. On one hand, they have provided capital for property developers to acquire sites, get planning, engage contractors and market their finished buildings. However, the banks have also supplied commercial real estate investors with credit to buy finished and fully let properties (mostly office blocks and shops) which are expected to generate regular cash-flows over the long term.
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