Completion funding catches PE’s fancy

Completion financing, or last-mile funding, where developers get funds to complete projects stuck midway, is catching on among private equity (PE) funds.

Ambar Maheshwari, Head of Investment Advisory at DTZ said “Plain vanilla deals are not happening. They are more in the nature of mezzanine financing, receivable discounting types. Funds are looking to invest in projects where significant construction is already over”.

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