Client
The client operates a real estate investment fund in South Africa.
Scenario
The client needs funding to to acquire 49 commercial properties in SA for 41% LTV against OMV and also at 30% discount to the current debt on them via the banks.
Solution
Wealthbullet arranged funding of USD 116 million in the form of senior debt with a term of 60 months.
USD
116 Million
Country
South Africa
Sector
Real Estate
Sub-sector
Real Estate Fund
Deal Type
Project funding
Structure
Debt
Loved this? Spread the word