Veranda Resort (Grace Bay, Turks & Caicos Islands) – Debt/Equity Capital Investment

  • 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