Nama to profit on London car park - The Irish Times - Wed, Oct 27, 2010
So Anglo advance a loan for £130m. NAMA buys it for €40m thus forcing Anglo to take a €90m (plus?) write down. NAMA then sells the property and appears to have recovered enough to recoup the loan in full and thereby make a €90m profit !!!!
Didn't they also make a profit recently on another Quinlan property?
So much for a "bankers and developers" bail out .........! What about all those threads about LTEV being a premium for the banks.....