The National Asset Management agency has been set up to manage non-performing property loans. As part of the process builderts and developers whose assets are being taken on by NAMA must now prepare detailed business plans .
Key elements of these plans include
- Details of land holdings
- Projected incomes
- Projected completion costs
- Remediation costs
- Cash flow projections
The underlying assumptions must be realistic. Plans will be given detailed scrutiny.
Professional help will be vital for a high standard of planning
