Mezzanine Funding – Residential Apartments
CapitalGroup provided mezzanine finance for the development of 50 luxury apartments to be completed in three stages at a waterfront location in Wanaka.
Capital Group invested funds for the following reasons:
The development team had the necessary skills and experience to deliver the project.
The high-quality apartment development in a desirable location.
A strong presale position being in place.
A construction contract with an experienced contractor.
The extensive geotechnical and engineering work undertaken by the developer.