TIJUANA, MEXICO, May 23, 2024 — GFG Securities is excited to announce the arrangement of a significant financial transaction, securing a five-tranche credit facility amounting to US$51,397,000. This financing is dedicated to the development of a mixed-use project known as the Cosmopolitan Health District in Tijuana, Baja California.
The ground-up development, set in the heart of Tijuana’s premier financial, commercial, and residential district, promises to offer an unparalleled destination for medical tourism. Sponsored by Cosmopolitan Group, the project includes a 154-key Marriott Residence Inn Hotel, the Mayo Clinic-certified Puerta de Hierro Hospital, medical offices for rent and for sale, and retail space.
Cosmopolitan Developments, a forward-thinking real estate firm with a 15-year legacy in Tijuana and Baja California, is the driving force behind this ambitious project.
Mauricio and Eduardo Gruener, Co-Presidents of GFG Securities, commented, “In the face of fluctuating markets and economic challenges, the successful orchestration of the Cosmopolitan Health District financing highlights our team’s expertise in complex real estate financing structures. This venture not only marks a significant stride for our client, Grupo Cosmopolitan, but also fortifies the economic and healthcare appeal of Tijuana.”
Isaac Saul, General Director of Grupo Cosmopolitan, added, “This project in the heart of Tijuana is poised to become a landmark in Tijuana’s skyline and a premier medical center in the city. Our group identified the opportunity, acquired the land, and brought in a skillful group of partners to make this iconic building a reality. We thank the GFG Securities team for their structuring ability, competitive process, and execution capabilities.”
In securing this deal, GFG Securities demonstrated its strategic expertise, skillfully structuring the debt into five different tranches to secure the most efficient capital structure. This financing arrangement not only reflects GFG Securities’ ability to manage intricate financial transactions but also highlights the firm’s dedication to fostering developments that drive economic and social progress. By aligning financial strategies with the project’s long-term goals, GFG Securities ensures that the Cosmopolitan Health District will stand as a testament to innovation and collaboration in the real estate and healthcare sectors.
Rodrigo Meza, Partner of GFG Securities, added, “This project exemplifies our commitment to facilitating innovative solutions for our clients. Each tranche was structured to finance a specific component of the mixed-use project (hotel, commercial space, hospital, medical offices for sale, and VAT) and to match its payment source. The financing includes both long- and short-term credits, structured in US dollars and Mexican pesos, ultimately providing the best credit terms to the developer.”
About GFG Securities:
GFG Securities, LLC (“GFG Securities”) is a boutique real estate investment banking firm that assists public and privately owned businesses with domestic and international investment banking services, including equity and debt capital raising, mergers & acquisitions, and strategic consulting services. Headquartered in Miami, FL, GFG Securities has acted as the primary liaison in debt and equity capital raising transactions in excess of $2 billion with average transaction values between US$20 and US$500 million. Visit www.gfgsecurities.com for company information.
