Strategic Capital Solutions Affiliate Agrees to Acquire Equity Interest in Luxury Resort Development Project in Puerto Peñasco, Mexico

SCS Expands Its Reach Throughout Latin America

NEW YORK — SCS-Strategic Capital Solutions, LLC (“SCS”) ( today announced the signing of an agreement by its affiliated real estate investment group for the acquisition of a significant equity interest in the luxury resort development project known as “Villa Cortez” located in Puerto Penasco (Rocky Point), Sonora, Mexico

The agreement is subject to certain conditions, including the completion of a construction loan for the first phase to be provided by SCS and the procurement of an experienced hotel management group to operate the project. Several management groups have expressed interest. No Further details were disclosed.

“There is no comparable development currently within the Puerto Penasco market. Design development has been completed, engineering work is virtually complete, and preliminary site preparation has commenced. We believe Villa Cortez is a unique project due to its pristine location, relatively undeveloped surrounding areas, and prime oceanfront location,” said Edward O. Mehrfar, Senior Managing Director of SCS.

Villa Cortez will consist of five buildings spread over a 34-acre parcel, with 600+ lineal feet of beachfront. The first building, which is almost sold out, consists of luxury condominium residences that are expected to be managed and branded by an international hotel operator. The remaining buildings will feature ocean views, transitional resort architecture with a Mexican flair, cobblestone roads, extensive walking paths, a spectacular world-class pool area, and spa and banquet facilities – in a secure, guard-gated environment.

“This transaction highlights our commitment towards sponsoring and financing quality projects in Mexico, and throughout Latin America,” says Daniel Leski, senior member of the SCS business development team. “We believe that the Latin American markets still offer tremendous investment opportunities.”

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