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Blackstone Sells Real Estate Debt Portfolio to Credit Suisse Mexico (en español)

11 May 2018

MREIT, a real estate development fund sponsored by Credit Suisse Mexico has obtained financing from HSBC México for more than US$350m. The funds will be used by Credit Suisse Mexico to acquire a real estate debt portfolio valued at US$621m and that belongs to BRE Debt México II, a subsidiary of Blackstone Group. 

(LexLatin) MREIT, fondo para el desarrollo inmobiliario patrocinado por Credit Suisse en México, obtuvo un financiamiento de HSBC México, S.A., por más de USD 350 millones.

Con los recursos prevén la adquisición de la cartera de préstamos inmobiliarios de BRE Debt México II, S.A. de C.V., SOFOM, E.N.R., una filial de Blackstone Group en México.

En la transacción participaron Nader Hayaux & Goebel, S.C., en representación de MREIT; Galicia Abogados, S.C., que estuvo a cargo de la asesoría jurídica de HSBC México, Institución de Banca Múltiple, en coordinación con el equipo legal interno de la institución, y Creel, García-Cuéllar, Aiza y Enríquez, S.C., como consultor legal de BRE Debt México II.

El portafolio de préstamos objeto de adquisición está valorado en USD 621 millones. El financiamiento se estructuró como una operación loan-on-loan, un modelo de crédito para apalancar la compra de pasivos que requiere ciertas condiciones para la constitución de garantías.

Nader Hayaux & Goebel explicó, en su reseña de la operación, que HSBC concedió el crédito a MREIT de manera combinada, tras la constitución de un fideicomiso de garantía, por USD 235 millones y MXN 226 millones (aprox. USD 11.7 millones al 11 de mayo).

El escritorio destacó que la operación fue compleja. Los abogados se encontraron con un modelo financiero de aplicación poco común en México. El crédito se firmó el pasado 3 de mayo.

Blackstone Sells Real Estate Debt Portfolio to Credit Suisse Mexico (en español) was last modified: May 23rd, 2018 by Editor
Credit SuisseMexicoMREITReal Estate
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