Property Bridges, already very successful in peer-to-peer property finance, has a new commercial lending product for SMEs and property investors

Poor loan documentation will undermine attempts by the IBRC special liquidator to sell loan books relating to the former Anglo Irish Private Bank, according to people familiar with the situation.

Bank of Ireland’s Newgrange equity fund, which was put together in mid-Nov 2006, is currently -5.5% under water, although there has been a significant recovery in value since the low in stock markets in early 2009, said the bank.

Boundary Capital, today announces that Brunner Limited, a vehicle in which Boundary is the majority shareholder, has agreed to subscribe €65m for approximately 45% of the equity in Art Holdings, a new holding company that will acquire 100% of the activities of the Arnotts Department Store group.