Tag Archives: Project Arrow

Cerberus beats Apollo to win Project Arrow for around €800m

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Cerberus Capital Management has won the last major NAMA non-performing loan portfolio of the year, Project Arrow, believed to be paying around €800m for the pool of Irish real estate loans. NAMA confirmed Cerberus’ selection as the preferred bidder today … Continue reading

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Goldman Sachs and CarVal Investors withdraw from €7.2bn Project Arrow race

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Goldman Sachs and CarVal Investors have pulled out of the race to acquire NAMA’s granular Project Arrow non-performing loan portfolio, which is secured by around 2,400 properties predominantly throughout Ireland, CoStar News has learned. The reason for Goldman and CarVal’s … Continue reading

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NAMA narrows €7.2bn Project Arrow search to three

NAMA has narrowed the field to three finalists for the €7.2bn Project Arrow non-performing loan portfolio, in a trade expected to price below €1bn. CarVal Investors and Goldman Sachs are again jointly in the final stage of an Irish NPL … Continue reading

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Cerberus wins final resi tranche of Project Finn for £225m, as bidders turn to Lloyds €4.2bn Project Poseidon

Cerberus Capital Management has won the final tranche of Ulster Bank’s Project Finn, paying £225m for the Irish residential mortgage pool, comprised of around 2,000 separate borrowers, completing the three-tranche sale to separate winners in the last 48 hours. This … Continue reading

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DB and Apollo secure CRE tranche of Ulster Bank’s Project Finn for £400m as same finalists prepare binding Lloyds’ Poisedon bids (Updated)

Royal Bank of Scotland has sold the largest tranche of the circa €2.6bn Project Finn non-performing Irish real estate loans from its Ulster Bank subsidiary to a joint venture comprised of Deutsche Bank and Apollo Global Management for £400m. CoStar News understands that … Continue reading

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NAMA selects three €608m Project Arch finalists as €7.2bn Project Arrow formally launches

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NAMA has selected three finalists to progress to the final stage for the acquisition of its third multi-borrower non-performing loan (NPL) portfolio, the €608m Project Arch pool, as the bad bank’s largest-ever nominal NPL, the €7.2bn Project Arrow, is officially … Continue reading

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Four finalists prepare to submit bids for NAMA’s €785m Project Maeve as Ulster Bank’s €2.6bn Project Finn progresses

Four finalists have progressed to the final round of NAMA’s €785m Project Maeve non-performing loan (NPL) portfolio, secured by 13 commercial properties and development sites owned by Gerry Barrett. CoStar News understands that Marathon Asset Management, Angelo Gordon, Oaktree Capital … Continue reading

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NAMA appoints Cushman & Wakefield to sell mega €8.4bn Project Arrow NPL

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NAMA has appointed Cushman & Wakefield’s Corporate Finance team to sell the giant €8.4bn Project Arrow non-performing loan (NPL) portfolio, as the Irish bad bank accelerates its remaining wind-down.  Project Arrow will be the largest loan portfolio sale in NAMA’s … Continue reading

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