Ulster Bank ready to resume lending for commercial real estate deals...

(20 May 2013)

Ulster Bank Thumbnail0It is reported in todays Irish independent that ULSTER Bank is to re-enter the commercial property market with a limited appetite to advance new real estate loans and so-called vendor finance to bidders for the bank's own property-backed assets, the Irish Independent has learnt.

Senior figures at the country's third-biggest bank have confirmed that its UK parent RBS has signed off on allowing Ulster to make new loans for commercial real estate deals.

It is the latest sign that lenders are trying to revive the market, in part because banks themselves need an active market if they want to sell off their own boom era assets.

Log onto Irish Independent for further details

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