Las Olas

Las Olas is an affordable luxury beachfront condominium development project in the Dominican Republic. It is one of several projects of Group Metro, a premier real estate developer in the country. As part of Group Metro’s multi-phased approach to development, ACF was presented with the opportunity to provide capital to assist in the completion of Las Olas. Portland Private Equity has negotiated a transaction which combines a secured debenture component with elements of profit sharing as well as options on subsequent development.

The Portland Private Equity Difference:

The investment closed in Q4 2010, and Portland Private Equity has already added value by:

• Working with management to upgrade reporting and related processes as part of its diligence
• Providing a stable capital source and financial partner to a long-term project
• Raising the profile of the project through its involvement