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Cerberus wins final resi tranche of Project Finn for £225m, as bidders turn to Lloyds €4.2bn Project Poseidon

Cerberus Capital Management has won the final tranche of Ulster Bank’s Project Finn, paying £225m for the Irish residential mortgage pool, comprised of around 2,000 separate borrowers, completing the three-tranche sale to separate winners in the last 48 hours.
By James Wallace
July 23, 2015 | 9:04 P.M.

Yesterday morning, RBS confirmed that Deutsche Bank and Apollo Global Management won the largest tranche the CRE loan tranche for £400m.

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