Capri Global Capital to bring $7M in funding for two realty projects of Monarch Universal.

Last year, public listed Capri Global signed a strategic deal with a US-based real estate-focused asset management firm to float a realty-focused asset management company.

Capri Global Capital Ltd. India, formerly Money Matters Financial Services, has signed a deal with real estate developer Monarch Universal Group to offer funding worth Rs. 45 crore ($7.2 million) to two residential projects in Roadpali and Kalamboli in Mumbai.

'This transaction is a testimony to the fact that residential developments on the outskirts of Mumbai is an emerging market for quality real estate and will continue to attract interest of financial institution,' Ramesh Kelkar, head of risk, wholesale lending, Capri Global Capital, said in the statement.

www.vccircle.com