Dáil Éireann Debate, Wednesday - 17 September 2014
218. Deputy Michael McGrath asked the Minister for Finance the amount of vendor finance that has been provided by the National Asset Management Agency to date; the number of projects financed; the number of housing units that will be provided by these projects; and if he will make a statement on the matter. [33401/14]
View answerI am advised by NAMA that it has to date advanced €373m in vendor finance across six transactions involving the sale of commercial property securing its loans. NAMA makes vendor finance available in the context of the sale of commercial property by its debtors and receivers. Transactions to date have involved the sale of completed office and retail accommodation.
