March 29, 2021 |
Mexican mortgage REIT Fideicomiso Hipotecario (FHipo) has signed a new revolving credit line of up to MXN 2.6 billion ($126 million) with the International Finance Corporation (IFC), according to a securities filing.
FHipo will use the credit line to finance the acquisition of eligible mortgages while preserving sufficient levels of liquidity, the Mexico City-based REIT said in the filing.
The credit line will allow the company to keep "seeking the best opportunities and maximizing profitability
Mexican REIT plans to draw from a $126 mln revolver to acquire mortgages