EXCLUSIVE: Gaucho Unveils New Financing Arm, Targets $100M in Vineyard Lot Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
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Source: Benzinga
- Gaucho Group Holdings, Inc Announcement: Gaucho Group Holdings announced the formation of a new fintech mortgage lending division called Gaucho Open Asset Lending (GOAL).
- Self-Financing Option for Buyers: GOAL will serve as a self-financing option for buyers of luxury vineyard real estate at Algodon Wine Estates, owned by Gaucho Holdings.
- Mortgage Terms and Accessibility: The division offers 10, 15, and 20-year mortgage terms to increase accessibility to over 400 vineyard estate lots.
- Revenue Estimates and Retained Acreage: Gaucho estimates potential revenue from lot sales to be $80 million—$100 million and plans to retain over 2,500 acres for operations.
- Expansion Plans and Disruption in Argentina: GOAL aims to expand beyond real estate projects, potentially disrupting the lending industry in Argentina by offering innovative fintech solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
