The County Londonderry-based housebuilder McGinnis Group has refinanced its loans that were held by the Cerberus investment fund.
Cerberus took control of the loans last year as part of its £1bn purchase of Nama’s Northern Ireland loan book.
McGinnis Group, owned by John McGinnis, has now agreed new finance with two lenders in Dublin and New York.
Mr McGinnis said the deal was a sign of “increased optimism and confidence in the local construction sector”.
