Senior secured debt investment by a global multi-asset alternative Investments Firm (“Investor”) against a high-quality residential portfolio in Bangalore.
Borrower is a prominent Bangalore based developer with a stellar track record of delivering high quality projects across office and residential segments. The underlying consists of a portfolio of four near complete, premium residential projects in Bangalore. This transaction was a win-win solution for the Borrower, Investor and existing lender as it: (1) provided last-mile completion financing and (2) resolved asset-liability mismatch.
Certus acted as the buy-side advisor to the Investor and was end-to-end involved including commercial assessment, diligence review and risk assessment, structuring, documentation, and closure.
