BLP has advised both Banco BCT and Marina Flamingo Development Group on granting a syndicated loan for the development of Marina Flamingo, located in the province of Guanacaste, Costa Rica. The loan in tranches is intended for constructive financing of the project’s first stage, soon to start operations.
Separate BLP teams advised on the structuring and preparation of the operation’s credit and trust agreements and the documents related to the credit guarantees.
This transaction constitutes the first stage of Marina Flamingo, including berths, commercial and residential spaces, and essential services such as a fuel station, water treatment plant, and waste collection.
The project will promote the development of a national coastal area with direct and indirect employment and related tourism activity.
BLP lawyers in this transaction: