Client
The client is a real estate developer, based in U.K.
Scenario
The client is aiming to raise an initial USD90m to become an equity partner within a leading mining development within Australia, at a highly discounted price to par value. The borrower has a ruby and emerald collection in a vault in Dallas, Texas which was recently valued in 2021 by EY's appointed valuers c. USD9.9 billion and is fully insured.
Solution
Wealthbullet arranged a funding of USD 90 million in the form of asset based lending against the client's collection of precious stones and emeralds.
USD
90 Million
Country
U.K.
Sector
Precious Stones
Sub-sector
Emeralds & Rubies
Deal Type
Asset based funding
Structure
Debt
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