Nama firm pursues businessman for €2.1m judgment

BoyRacer · November 16, 2014, 9:36am

Nama firm pursues businessman for €2.1m judgment - → irishtimes.com/business/sect … -1.1995490

A company of the National Assets Management Agency is pursuing a Dublin businessman for a €2.1 million judgment.

It is alleged security for a €1.5m loan advanced by Irish Nationwide Building Society to James O’Shea included a mortgage over his interest in the Clonskeagh House pub in Clonskeagh, Dublin. National Assets Loan Management Ltd (NALM) claims the loan agreement was transferred to Nama in 2010 and is now being administered on its behalf by Capita Assets Services (Ireland) Ltd.

Mr O’Shea, Richview Villas, Clonskeagh, informed NALM in June 2011 that Clonskeagh House Ltd intended to surrender its lease over the pub and he was proposing to grant a new lease to another company, SouthLodge Inns Ltd, in which his wife and son were the shareholders, for a two year period, it is claimed.

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