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Blue Mahoe Capital Caribbean Inc, a Florida-based real estate developer, launched a crowdfunding campaign this month to raise US$5 million for affordable housing projects in Jamaica, marking a step in its bid to become a publicly traded company.
The company's core goal is to "generate a reasonable return on invested capital through the development and sale of housing and the acquisition of income-producing real estate".
"We intend to raise capital to fund the development and construction of affordable houses in Jamaica, with additional opportunities to be explored across the Caribbean," David Mullings, chairman and CEO of Blue Mahoe Capital, said in the filing.
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