Product: Senior secured Loan
Role: Lead mandated arranger
Environmental category: B
Impact: 259 jobs generated.
Financial clousure: 2021
CIFI structured a senior secured loan in the amount of RD$3,731,700,000, with a tenor of 19 years, in favor of Allard Industries Ltd. and Orion Investments Group, Inc. to refinance the Blue Mall Shopping Center owned by Allard Industries Ltd. and the JW Marriott Santo Domingo Hotel owned by Orion Investments Group, Inc. located on the sixth floor of the Shopping Center, both prime real estate assets are 100% fully operational situated in the prestigious Piantini District in Santo Domingo, Dominican Republic.
Allard Industries LTD is a business corporation duly incorporated in 2006 under the laws of the Nevis Islands to initiate the construction of the Blue Mall in Santo Domingo and is the real estate company that owns the Blue Mall. The Blue Mall Santo Domingo is composed of 5 levels and houses more than 114 stores, including restaurants, entertainment, exclusive stores of international brands, and fashion. It receives an average of 250,000 visitors per month. Blue Mall Santo Domingo has exclusive stores that are only present in the mall, differentiating it from the competition in the city.
Orion Investments Group, Inc. is a company incorporated under the laws of the Republic of Panama in 2004, currently a subsidiary of Tropic Securities, Ltd, and sponsored by FVI Fondo de Valores Inmobiliarios, S.A.C.A., to promote the development of a hotel project. In line with the strategy and market segment planned for the Blue Mall, a luxury hotel was built to attract clients with high purchasing power, and a management agreement was signed with the Marriott group, which operates the hotel under one of their most prestigious brands: JW Marriott.