Hospitality Industry – Vacation Resort

The Client

A 186-unit vacation condominium resort encircled by an 18-hole golf course in the exclusive White Sands beach area of Punta Cana, Dominican Republic.

The Situation

The sponsor wanted to acquire the site and construct a high-end resort complex, spanning 28 buildings and including state-of-the-art amenities but was unable to access conventional bank financing.

The Solution

Business Capital established an understanding of the situation, complications and challenges, and delivered a $22.5 Million cross-border senior loan for construction and development. The financing was secured by the property, the project, the sales revenues, and the ownership guarantees.

 

Comments are closed.