Anglo Irish Bank | The Real Deal New York

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Anglo Irish Bank

222 East 41st Street, Suite 24
New York, NY 10017
(212) 503-3000
Website

Anglo Irish Bank was a financial institution until its wind down and nationalization by the Irish government between 2009 and 2011.

In its role as a financial institution, the Dublin-based Anglo Irish was a major lender on various New York City projects. These included the Apthorp condo conversion on the Upper West Side; the Rector Square condo conversion in Battery Park City; and the Mark, the Alex and the Flatotel hotels. All total, Anglo Irishs worldwide loan portfolio was $9.65 billion in 2011.

The bank, however, exposed itself to extreme risk during the financial crisis that started in 2008, by lending hundreds of millions of dollars to a handful of wealthy clients under suspicious circumstances, including the doctoring of documents tied to the loans. The ensuing financial trouble not only bankrupted Anglo Irish, but seriously damaged the overall Irish economy. It also led to lawsuits between Anglo Irish and its New York clients.

Former Anglo Irish chairman Sean FitzPatrick was found not guilty of criminal wrongdoing in April 2014, though other top executives, including the chief financial officer, were convicted.


02/02/16
...co-ops. After the Irish government forced the now-defunct Anglo Irish Bank to liquidate its assets in 2011, Dune Real Estate Partners acquired and restructured a loan...

12/30/15
...condo conversion but defaulted on the mortgage loan. Anglo Irish Bank foreclosed on the property, and Related bought the property back. During an interview in...

12/29/15
...near Houston Street, provided in 2008 by the now-defunct Anglo Irish Bank and most recently acquired by SunTrust Bank last year. The loan facility closed on...

12/22/14
...and $5 million in judgments related to the now-defunct Anglo Irish Bank. Lawyers for Wells Fargo and Dallas-based Lone Star Funds -- which acquired the distressed...

07/29/14
...operating agreement. As The Real Deal previously reported, Anglo Irish Bank filed suit in 2011 alleging Assa defaulted on an $18.5 million loan at 940 Eighth Avenue, a...

02/18/14
...Procaccianti took out two loans totaling $86.1 million from Anglo Irish Bank, city records show. Loan Star Funds acquired a package of non-performing loans from Anglo...

12/20/13
...He obtained an $85 million loan from senior lender Anglo Irish Bank and the $20 million mezzanine loan from W-D Group, led by Eitan Wertheimer, considered the...

09/24/13
...in 2012 after Irish Bank Resolution, the successor to Anglo Irish Bank, sold the mortgage debt to an Australian lender, as reported. Architecture firm Goldstein Hill...

08/09/13
...than Mann. The developer was forced out after Anglo Irish Bank, the collapsed lender, sold the senior mortgage loan to Dallas-based Lone Star Funds. Last...

07/11/13
...in 2012 after Irish Bank Resolution, the successor to Anglo Irish Bank, sold the mortgage debt to an Australian lender. The potential addition is one of...

07/10/13
...bought the project’s discounted mortgage from now-defunct Anglo Irish Bank, became the “de facto sponsor” of the project when it took over the completion...

02/01/13
...the debt on the two hotels, held by Anglo Irish Bank, at a discount in 2010 for an undisclosed sum, then sued to foreclose on the...

02/01/13
...East 45th Street. The debt was held by Anglo Irish Bank. --Zachary Kussin...

01/18/13
...a 2011 judgment for $11 million against the developer by Anglo Irish Bank, the lender at Levy’s failed Rector Square condominium at 225 Rector Place in Battery...

12/24/12
...to respond to subpoenas, after the mortgage lender Anglo Irish Bank was awarded an $11 million judgment against the developer. Lone Star, which acquired more than...

10/18/12
...Irish Bank Resolution Corp., the successor to Dublin-based Anglo Irish Bank, sold the senior debt to Australia’s Macquarie Bank Ltd. The building’s new...

09/20/12
...named Peninsula Real Estate Fund I, led by Anglo Irish Bank, purchased the package, but control over the two properties fell into complex dispute due...

08/17/12
...After Levy defaulted on the mortgage loan with Anglo Irish Bank, the senior lender filed to foreclose on the building, and sold the debt for...

08/13/12
...Corp., the Irish government entity that took over Anglo Irish Bank, sold the Apthorp’s mortgage debt to Arefin U.S. Investment, an affiliate of...

07/12/12
...hotel. Kar took out a $85 million mortgage from Anglo Irish Bank and a $20 million mezzanine loan from WD. The investment firm moved to foreclose on...

05/30/12
...to make monthly interest payments to original lender Anglo Irish Bank. Anglo Irish sold its entire U.S. loan portfolio in 2011, including some distressed loans...

05/25/12
...by the sale of the building loan by Anglo Irish Bank. The developers in September 2011 filed suit against the bank alleging the sale of the...

05/22/12
...Capital Group. The partnership purchased the debt from Anglo Irish Bank two years ago. Alexico owes an additional $123 million on the 205-room Alex Hotel at...

05/10/12
...firm allegedly defaulted on a $5.4 million loan from Anglo Irish Bank. Lone Star acquired the loan from Anglo in 2011, as part of a $9.4 billion divestment...

05/04/12
...defaulted on the loan he took out from Anglo Irish Bank for the conversion, the lender took control and sold it to Related. In between...
  • Event Sales
  • Address 40 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 17,786
  • Price $ 6,230,000
  • Price per foot $ 350.28
notes
The fifth-floor commercial condo sold for $6.23 million.
  • Event Financing
  • Building Name Apthorp
  • Address 2207 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 393,000,000
  • Publication Date 05/01/2007
  • Event Date 03/22/2007
  • Party 1 Mann Realty Associates
  • Party 2 Anglo Irish Bank, Apollo Real Estate Finance
notes
Anglo Irish Bank provided $393 million in first mortgage financing and Apollo Real Estate Advisors provided $135 million of mezzanine financing for the acquisition and renovation of the 346,910-square-foot landmark building. 12-story, 163-unit apartment building. Includes 390 West End Avenue.
Manhattan, 10280
Related Companies, VEN ONE RECTOR LLC
225 Rector Place is a 24-story, 286-unit residential condominium building in Battery Park...

...Foreign lenders no longer in the market include Anglo Irish Bank and Germany’s Hypo Real Estate Holdings which, like Lehman Brothers, another big lender...
Manhattan, 10280
Related Companies, VEN ONE RECTOR LLC
225 Rector Place is a 24-story, 286-unit residential condominium building in Battery Park...
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