|By PR Newswire||
|March 20, 2014 05:00 AM EDT||
ORLANDO, Fla., March 20, 2014 /PRNewswire/ -- The overall project is to create an environment and choices that enable older adults to experience ageing in a fully actualized, creative, and satisfying way. Amenities of the upscale CCRC will include swimming, wellness and exercise rooms, common areas for social gatherings, cafes, library, game room, beauty salon, theater, country store, a business center, shop and craft areas, and more, along with a range of educational programs that promote proper medical care, wellness, and nutrition. The CCRC will consist of both independent living units and assisted living units.
According to a recent study, ageing baby boomers and restrained construction of new facilities will drive demand for retirement communities. In the five years to 2019, an improving economic environment, an ageing population, healthcare reform legislation, and new services will facilitate industry revenue growth. What's more, banks and private equity entities have once again begun to view retirement homes and assisted living as a desirable sector, supporting Capital Corp Merchant Banking's initiative to invest in this exciting project.
The funding structure Capital Corp Merchant Banking has devised consists of providing its client with $5.5M in equity funding, and the remaining $33.6M in debenture. The method by which this project is to be funded is the brainchild of Mr Gilles Herard. Gilles Herard is a seasoned merchant banker and has been in the banking industry for 39 years. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions.
About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. 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. For further information, please visit our website.
SOURCE Capital Corp Merchant Banking