Mezzanine fund manager Vantage Capital invests in affordable housing development

SOUTH AFRICA – Vantage Capital, a mezzanine fund manager, has provided R82 million (US$4.98m) of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo. The promoter of the transaction is the Alleyroads Group, a South African black-owned property development company led by Ivan Pretorius. Since its inception in 2009, Alleyroads has built more than 3,000 residences across South Africa including over 1,500 affordable homes. “We are proud to support one of South Africa’s leading black developers who is seeking to narrow the…

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