Project financing
Plan for financing the construction of the Sun Beach Hotel Resort complex
Strategy
and risk elimination
PRESTON Capital has already invested $8.45 million in equity in the project to acquire the land. For construction, the company uses its own capital, funds from pre-sales of individual apartments and finance from a bond prospectus approved by the Central Bank of the Czech Republic up to the maximum amount of CZK 500,000,000.
- Total amount costs$50,000,000
- Funding 1st phase of the projectSale of corporate bonds in the total amount of CZK 25,000,000, started on 1 January 2022 – now closed.
- Funding 2nd phase of the projectSale of convertible bonds and apartments, launched on 6/1/2022.
In the event of any delay in construction, PRESTON Capital has pre-negotiated loans with a Czech and also a local bank. However, at the current pace of apartment sales, the company most probably won't not use the loans.
Company Structure
