Veranda Resort (Grace Bay, Turks & Caicos Islands)
- Owner is a UK investor who sold his prior company to Suez, the France conglomerate
- Property is a 170 key all inclusive resort with 700 feet of beach
- Operator is Grace Bay Resorts a luxury hotel management company in Turks & Caicos
- Owner needed to find short term bridge loan to complete hotel and bring in working capital funds
- RCP brought in private Canadian mortgage fund for 1-year loan using condos as collateral