Capital Corp Merchant Banking and its client for $36.5M Resort Bahamas Resort Town project part ways

Capital Corp had entered into a funding agreement with its client back in August 2012 to provide funding for a Bahamas masterplan resort. The reason for this parting of ways was the defaulting of the client on the Investment Proposal that was signed.
Though client defaulted on IP, Capital Corp did not sue for due compensation
Though client defaulted on IP, Capital Corp did not sue for due compensation
Jan. 22, 2013 - PRLog -- The funding agreement was for a masterplan town resort design (see PRWeb article) that was to include a luxury resort, commercial town center, water park, mega yacht marina, luxury gated community, and golf course. Back when the Investment Proposal was signed, Capital Corp's client had wished the project to remain anonymous until such time as it was mature enough to be disclosed to local authorities and the Bahamian government. At that time a local journalist had contacted Capital Corp Merchant Banking (see article by K Quincy Parker), to which Capital Corp privately replied that all would be made known in time once the government was made aware of this development - which was unfortunately kept from print in the article.

As work on the master plan project progressed, discrepancies came up and the client ultimately defaulted on its initial representations made to Capital Corp in order to obtain an Investment Proposal, the core elements of which were not respected.  This ultimately led to Capital Corp Merchant Banking's unfortunate decision to withdraw from the project.  Nevertheless, as there are no animosities between the parties, Capital Corp decided not to pursue due compensation and parted amicably with its client.

About Capital Corp Merchant Banking: Capital Corp Merchant Banking Orlando offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit the website.

Source:Capital Corp Merchant Banking
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Tags:Capital Corp Merchant Banking, Bahamas, Project Funding, Capital Corp Complaints, Gilles Herard Jr, Bahamas Journal
Industry:Finance, Banking, Tourism, Real Estate
Location:Orlando - Florida - United States
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