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| Selected Transactions |
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Construction & Development |
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| Overview |
186-unit vacation condominium units, encircled by an 18-hole golf course in the exclusive White Sands beach area of Punta Cana, Dominican Republic. |
Project Details |
Sponsor wanted to acquire the site and construct a high-end resort complex, spanning 28 buildings and including state-of-the-art amenities.
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Opportunity |
To provide financing to the Sponsor for development of the site, close on the pre-sold units, and initiate marketing efforts aimed at attracting local and overseas buyers. |
Structure |
Provided $22.5 million cross-border senior loan, secured by the property, the project, the sales revenues, and the ownership. |
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