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NHG advised Sabadell, SabCapital and Santander on the financing for the development of the Four Seasons Resort Los Cabos at Costa Palmas
NHG advised the lenders, including Sabadell, SabCapital and Santander, and hedge providers in connection with a syndicated senior secured credit facility to a trust vehicle formed and controlled by Irongate, a leading full-service real estate firm specializing in the development of luxury branded residential and resort communities with operations in California, Colorado, Hawaii and Mexico.
The proceeds of the facility were used to refinance existing indebtedness of Irongate’s affiliates with Sabadell and Bancomext, and to pay project costs for the construction and development of the Four Seasons Resort Los Cabos at Costa Palmas.
The project will support the development of the East Cape at Los Cabos, a secluded oasis for luxury and high-end hospitality experiences.
Finally, the development of the Four Seasons Resort Los Cabos at Costa Palmas has aided the population of “La Ribera” community by employing and involving over 1,700 people in the project.