ZG was brought in to place a cash out refinance that had proven difficult to source: an asset mid construction, carrying layered debt, and spanning three product types in one structure. Completion risk was the obstacle, so we removed it, stepping in as construction manager and putting our own execution behind the schedule the lender was being asked to underwrite.
We manage construction across a full service hotel, 87 residential condominiums, and the commercial space, which is effectively three projects sharing one structure, one schedule, and one set of inspectors. Contractor oversight, draw administration, consultant coordination, and the inspection sequence toward certificate of occupancy all run through our team. The project is expected to complete within two years, and we are managing the schedule and the budget against that.
