Clerph will issue $64 million in debt in Panama to boost its project in the Dominican Republic
Clerhp records a debt program for a period of 10 years and an amount of up to $75 million (about €64 million) to boost its real estate project in the Dominican Republic.
Clerhp, a Spanish company, has launched a $75 million debt program over 10 years to fund its flagship real estate project, Larimar City & Resort, in the Dominican Republic. The project, located in Punta Cana, involves building 20,000 homes across 150 towers, as well as villas and duplexes, over a decade. The total investment for the project is estimated at $2.2 billion, with projected sales of $4 billion. The company aims to start handing over the first homes this year, with around 300 units expected to be delivered.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
