NAMA challenge: The big five

[BoyRacer]

NAMA challenge: The big five - Emmet Oliver -> independent.ie/business/iris … 56948.html

NAMA business plans for most major developers are due within the next fortnight. Already some developers are getting working capital from the toxic loans agency.

But the fate of others remains more precarious. NAMA may liquidate some developers by September, whereas others are likely to be given a three-year time horizon to trade their way out of difficulties. But what are the challenges for the major developers, who have to convince NAMA they are still viable? Some may have to take huge writedowns on to their books, wiping out the equity in their companies. But should that be the end of them? The Irish Independent takes a close look at the largest developers and the kind of hurdles they will have to jump to survive the NAMA process. We also rate their survival chances.

there is more

[yoganmahew]

On REO:

A very complex company with a huge range of assets, many of them blue chip. Occupancy is good and rent roll reliable according to data produced by REO’s securitisation vehicle.

Say what?

Does this mean that some/many/all of the good assets are securitised away?
Er, which bits are left?
Let me guess, some Florida swampland and the AIB buildings…