Cuatrecasas asvises IBD Invest on loan granted to Habi for financing real estate transactions
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SubscribeCuatrecasas advised IBD Invest, investment arm for the private sector of the Inter-American Development Bank Group, on obtaining financing of up to USD 50 million for the trust estate established by Inversiones MCN S.A.S. (Habi). Habi is a Colombian proptech that facilitates home buying and selling with the aim of expanding access for low- and middle-income families in Colombia to housing.
The transaction involved a structured loan, which included a committed tranche of up to US$ 25 million, granted in Colombian pesos, and an uncommitted tranche for the same amount, backed by a commercial mortgage-backed security.
With this transaction, IBD Invest reaffirms its commitment to expand access to housing in Colombia for the must vulnerable sectors, supporting families that traditionally have met with greater obstacles in the real estate market. The transaction reinforces liquidity solutions aimed at property owners, supporting Habi in the expansion of agile and efficient financing alternatives on the market.
“We are delighted to have advised IBD Invest on a transaction that contributes to developing the real estate market in Colombia, promoting innovative platforms that boost the market and supporting the expansion of financing alternatives through Habi,” said Juan Carlos Puentes, Finance partner at Cuatrecasas in Bogotá.
The resources will enable Habi to continue developing its technological model for facilitating real estate transactions, reduce the times and costs of real estate acquisition and management transactions, as well as improving access to capital for its clients.
The Cuatrecasas advisory team was made up of partner Juan Carlos Puentes, along with lawyers Catalina Herrera, Verónica Hernández, Daniel Salazar, Daniel Valderrama, Pablo Amorocho, María Garavito and Susana Liévano (Finance); and Juanita Calderón and Alejandro Manrique (Corporate and M&A
M&A).
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