real estate

multinational strategies
mortgage finance feasibility study / bulgaria

Delphos International assisted its client MNS in obtaining funds from both USAID and USTDA to support feasibility work for the Mortgage Finance Vehicle. After playing an integral role in obtaining the funding, Delphos was responsible for a substanial portion of the Terms of Reference under both studies, which ultimately proved the viability of the business plan to establish a funding vehicle first in Bulgaria and then later in Romania and Croatia. The grants provided by USAID and USTDA totaled $500,000 and $424,000 (on a cost share basis), respectively.

riverside
real estate / costa rica

Condominiums Riverside S.A. ("Riverside"), a Costa Rican based company, was interested in constructing, selling/leasing a condominium tower and commercial center in order to complete the Riverside Estates in Escazú, Costa Rica. Project costs totaled $10 million. Riverside needed financing of $6.7 million for a combination of construction costs, working capital, a debt service reserve account and associated financing costs. Delphos International was able to obtain the needed financing in the form of a loan from OPIC. The remaining $3.3 million was financed through a combination of paid-in capital and operating cashflow. The financing process was completed in May 2005.