SAN DIEGO–(BUSINESS WIRE) – ETHOS ASSET MANAGEMENT INC USA announced a new long-term financing partnership with PROJECT REVA2, a Washington-based real estate development project. Ethos, a global private project finance provider headquartered in San Diego, California, has committed to provide $ 70 million, with an initial funding phase of $ 4 million that will last for several years.
Carlos Santos, CEO of Ethos Asset Management, said, “We are committed to supporting and funding PROJECT REVA2, a unique and innovative project, through our Crisis Finance Facility (CFF). Covid-19 has fueled the current global economy and has had a significant impact on property owners, brokers, developers and real estate entrepreneurs. We wholeheartedly support the ambitions of PROJECT REVA2 to realize their project of creating new apartments, offices and commercial space, new jobs and finally starting operations, which have been delayed due to the Covid-19 pandemic. ”
Pya Cope, investor in PROJECT REVA2, said, “This is a great opportunity for real estate investors who see the much-needed development and benefits PROJECT REVA2 will bring to many communities beyond Washington. I am honored and proud to support this great project, which is supported by Ethos on a long-term basis, to ensure that the infusion of CAPEX for the investment is carried out without endangering the capital of the investors. Ethos has gone to great lengths to engage in a joint partnership between the promoter, investors and local stakeholders at every step of this transformation journey for the fund. ”
PROJECT REVA2 is a US-based new dynamic real estate development and property development project and program.
Pya Cope is President of Baseline Financial Services INC. Pya is the banking, auditing and advisory partner of an international elite finance group specializing in large commercial projects. During her career, Pya has held positions as a senior financial analyst, trusted advisor and expert in restructuring undervalued companies. She achieved consistent annual profit targets and increased shareholder value by adding cash.
Ethos Asset Management (Ethos) is an independent US-based company with a global reach in resource mobilization and project finance. Providing funding for government and privately funded projects on every continent and in every sector, Ethos has developed a unique risk modulation model that enables them to provide funding on terms nowhere available in traditional financial markets. In addition, Ethos advises on the structuring of projects and the restructuring of debts. Ethos supports and develops its clients to achieve their long-term goals with confidence.
Carlos Santos, CEO of Ethos Asset Management, is actively involved in the acquisition and structuring of three investment funds. He is directly involved in four business areas of the company: resource mobilization, project finance, asset management and raw materials trading. Mr. Santos holds a bachelor’s degree in economics, three master’s degrees in finance, banking accounting and international taxation, and a Ph.D. developed in financial instruments.
You can hear from Carlos Santos, CEO of Ethos, in Dubai, where he is a guest speaker and panelist at the Leaders Without Borders Leadership Summit and International Honors, the premier gathering of high-level professionals from around the world at Habtoor Palace, Dubai, on Nov. . – September 30, 2021.
For more information on Ethos, please visit https://www.ethosasset.com/.