Ongoing

GODILLE

Real Estate
Amount:
€9M
Maturity:
9 months
Guarantees:
TBD

Our client, a French company owns two chalets and a constructible piece of land located in one of the most famous ski resorts in the French Alps (Savoie). They have a permit free of any third party claim to build 13.000 square meters of residential areas.

The sponsor is currently in the final phase of the development of a residential complex of about 13.000 m².

The sponsor is in advanced discussions with partners to kick off the development.

The plots of land together with the permit has been valued at € 65 million by international experts.

Other properties (the chalets) owned by the sponsor are valued at € 12 million.