IFC Invests $3.5 Million in La Hipotecaria

The International Financial Corporation (IFC) injected $3.5 million into La Hipotecaria (Holding) Inc, by purchasing equity.

Friday, May 7, 2010


©image: Colin

Panama-based La Hipotecaria is a non-banking financial institution engaging in the generation and securitization of residential and mortgage loans.

“IFC reported that it has also provided a $25 million credit facility for La Hipotecaria’s three subsidiaries in El Salvador, Panama and Colombia”.

More on this topic

Guatemala: $100 Million for Mortgage Program

November 2011

The Overseas Private Investment Corporation (OPIC) has announced it will provide the loan to help develop a mortgage program in Guatemala.

The program's objective is to develop a platform with the participation of Guatemala's national banks that will make 2,000 mortgages available to families to buy homes that currently might not be able to.

Regional Mortgages and Real Estate

April 2012

After its ratification in El Salvador, the Regional Mortgage treaty still needs to be approved in one more country to come into force.

Salvadoran entrepreneurs welcomed the legislative ratification of the Treaty on Free Movement of Goods and Services, known as the ‘hipoteca centroamericana’ or Central American mortgage.

Residential Mortgages in Panama

March 2010

Right now, Panama’s mortgage market is very favorable to consumers. 29 banks are offering preferential interest rates, up to 98% 30 year financing, waiving commissions and free appraisals.

A new real estate wave is bringing the market back to life, although without the same strength in all areas. The neighborhoods of San Francisco and Bellavista are currently seeing the most growth in construction.

Mortgage Brokers

May 2009

These agents are intermediaries in mortgage management, obtaining advantages regarding both interest rates and contractual terms for their clients.

During the real estate boom in Panama, these intermediaries—people with good connections in the banking and real estate market—had foreign investors, generally from the U.S., as their main clients, assisting them in the process of obtaining mortgages for properties valued at over $200,000. Now that this type of investment is scarce, mortgage brokers are looking for Venezuelans who are arriving en masse and local clients who need to buy housing.

 close (x)

Receive more news about Real Estate

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:


Distributors Wanted for UPS Equipment

The U.S. company Para Systems is seeking distributors for its Minuteman UPS line.
Para Systems Inc. is a leading provider of power...

Stock Indexes

(Apr 18)
Dow Jones
0.64%
S&P 500
1.76%
Nasdaq
2.70%

Commodities

(May 24)
Brent Crude Oil
105.74
Coffee "C"
168.55
Gold
1,561
Silver
27.745