Client
The client is a consortium of high-class developers, builders, and successful investment bankers based in New York, USA.
Scenario
The client needs funding to acquire a historic property of 101 acres of land, located in a prime location in Connecticut, USA. The land comprises of 172,000 sq.ft pre-existing commercial property. This 1st phase is expected to take 12-months to convert/dev the existing commercial property into assisted living for active adults (55+) and will have 130 branded apartments and 50 independent villas.
Solution
Wealthbullet arranged a debt funding of USD 123.5 million with a term of 24 months.
USD
124 Million
Country
U.S.A.
Sector
Real Estate
Sub-sector
Mixed use
Deal Type
Project funding
Structure
Debt
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