Company name
Ameris Capital
Project number
15080-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Chile
Sector
Financial Institutions
Status
Proposed
Disclosed date
03/14/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/18/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 30,000,000
Currency
USD
Project scope and objective
The proposed project includes a financing mechanism consisting of a senior revolving warehouse facility of up to US$30 million, the proceeds of which will be used to purchase and accumulate mortgage loans through eligible Endorsable Mortgage Credits (“EMCs”) and housing leasing contracts to individuals in Chile, with a particular focus on gender and inclusion. The facility will serve as a line of credit to an investment fund managed by Ameris. Both the EMCs and the housing leasing contracts will be accumulated for future asset-backed securitization. This transaction will support and improve access to finance for individuals in Chile, thereby reducing the existing housing deficit.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
dlopez@ameris.cl
PHONE NUMBER
(+56) 9 8502 0961
POST OFFICE ADDRESS
Avda. El Golf 82, Santiago - Chile
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
AMERIS SOCIAL HOUSING WAREHOUSE FACILITY - 15080-01-CH - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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