Case No 9
The equity funds were for settlement of the land and civil construction for an equity profit return, whereby the developer went on to construct the homes for the buyers of the land lots. The developer had raised a portion of the required equity from a large real estate group and was seeking to raise the balance through a partner who could offer more than just funding, but also willing to provide their expertise at project control group meetings.
Dorado assessed the projects’ profitability together with the developer’s experience in delivering similar projects and the other funding parties involved. Dorado then committed the balance of the equity funding required to see the project fully funded to completion.