Lagan Development (Holdings) And MAR Characteristics Refinance Cerberus Loans

 Aug, 26 - 2015   Uncategorized
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The Cerberus deal was Namas biggest single deal ending its involvement in Northern Ireland

2 more home advancement groups in Northern Ireland have refinanced loans that were held by the Cerberus investment fund.Cerberus took control of the loans in 2014 as part of its 1.3 bn purchase of Namas Northern Ireland loan book.Lagan Development(Holdings), a company

collectively possessed by brothers Kevin and Michael Lagan, and MAR Properties have reached deals.The new funder is Jefferies LoanCore (JLC), a joint venture in between Jefferies bank and GIC Genuine Estate.Earlier this year, JLC struck a deal to refinance the Cerberus loans of Kilmona Holdings,

another significant Northern Ireland designer.

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