Corporativo MCNMéxico, S. de R.L. de C.V. (“Habi”)
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Investment Operations Department Contact
USD $ 15,000,000
Project scope and objective
Habi, a Colombian and Mexican PropTech company, is building the digital infrastructure for an efficient residential real estate market in Latin America. Currently, Habi operates in more than 15 cities in Mexico and Colombia, purchasing and selling residential properties through its data-driven online platform which aims to improve transparency, speed, access to liquidity and trust for low- and middle-income consumers in the housing sector.
IDB Invest considers providing a senior asset-backed revolving credit facility in Mexican pesos to a special purpose vehicle to be incorporated in Mexico (the “Borrower”) for up to Mex$1,000,000,000 (the “Financing”). The Financing will be used to originate and accumulate in the Borrower eligible assets in order to support Habi’s expansion in Mexico.
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POST OFFICE ADDRESS
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005