$12.6M Mixed-Use Development In Los Cabos' Hotel Zone Gets Funding Agreement from Capital Corp Merchant Banking
The project consists of a modern structure that will have of a mix of commercial and residential spaces along the high profile beachfront "Zona Hotelera" Paseo Malecon in San Jose del Cabo, located on Baja California Sur's southern coast. Los Cabos is one of the most beautiful and safest areas in all of Mexico and boasts a vibrant tourism and eco-tourism industry.
ORLANDO, Fla., April 13, 2015 /PRNewswire/ -- Though the region of Los Cabos was hit by Hurricane Odile in September 2014, tourism has nevertheless been steady and has prompted local hotels and resorts to update and upgrade their facilities. It is within this spirit of regeneration that comes this new development along the region's famous "Zona Hotelera" (or Hotel Zone) in scenic San Jose del Cabo. The project's leading edge design and high build standards are paired with ocean views, easy beach access, and a host of private amenities to residents, including direct access to the project's street-level commercial spaces to be filled by retail stores and restaurants alike, complementing the local atmosphere.
San Jose itself has a notable expatriate population, mostly made up of retirees who have economic influence, and the region is a popular destination for US and Canadian tourists, including many prominent celebrities.
The funding structure Capital Corp Merchant Banking has devised consists of providing its client with $3M in equity funding, $9.6M in debenture. The method by which this project is to be funded is the brainchild of Mr Gilles Herard. Mr Herard is a seasoned merchant banker and has been in the banking industry for 38 years. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, nominated as Executive of the Year by the internationally acclaimed National Register's Who's Who, and having received the Senatorial Medal of Freedom, among many others.
About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction, including general project funding, equity funding, debt restructuring, and real estate development. For further information, please visit our website.
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SOURCE Capital Corp Merchant Banking
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