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Construction Project Finance for low-income housing projects in Mexico


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International Business News shows that Hindmarsh LLC, USA in cooperation with Logical Lending Solutions P/L, Australia has invited International Finance Corporation (IFC) to participate in one of its main business operations: investments in lower-income housing projects developed by Solida Administradora de Portafolios S.A. de C.V., Mexico.

In this line of business, Solida provides preferred equity capital to large homebuilders in Mexico for the acquisition of land. On its own account, the Company has financed approximately 50 projects to date, equivalent to the construction of around 110,000 mostly lower-income houses.

The proposed construction project would entail IFC co-investing up to US$50 million, or 20% of the total financing needs, through a master trust to provide preferred equity capital for individual low-income housing sub projects. Solida and possibly another investor will provide the financing for the remaining funds.

Summary of Proposed Investment (SPI) was disclosed April 20, 2010 and will be analysed by IFC Board Members on June 24, 2010

Solida Administradora de Portafolios S.A. de C.V., Mexico.


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