PROJECT

Projects

Summary of Investment Information

Project Number

47134

Company Name

LATAMCC Fund Manager Mexico, S. de R.L. de C.V

Date SPI Disclosed

May 22, 2024

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Jun 21, 2024

Environmental Category

B - Limited

Status

Hold

Last Updated Date

Mar 21, 2025

Department

Regional Industry MAS LAC & EUR

Industry

other

Previous Events

Approved : Jun 24, 2024

Sector

other

Project Description

 The Project involves an IFC senior loan of MXN 2,940 million (~US$ 175 million) from IFC’s own account to a group of trusts associated with 6 individual residential properties managed by LATAMCC Fund Manager Mexico, S. de R.L. de C.V (“CCLA” or the “Company”), a real estate asset manager. The proposed project aims to support the development, construction, and rental operation of 6 high rise multifamily residential, 4 in the Mexico City area and 2 in Monterrey, to be EDGE/EDGE Advance certified. Once construction is completed on each project, CCLA will manage the rental operations through its wholly owned Nomad Living entity.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation