Monterrey, NL. The Industrial Real Estate Bank (BIM), met with developers from Nuevo León to inform them that it is expanding its range of options for financing both industrial spaces, and they are also working with the first loans for urbanization of lots, due to the investment boom in the state, commented to The Economist Erick Kuntzy Lizaola, BIM’s regional business director.
“We started with a financing program for industrial lots, what the developers tell us is that there is a shortage of spaces, mainly with Tesla it was crazy, we started working on the first loans for the urbanization of the lots, so that they can build and rent warehouses, or offer satellite companies that arrive”, explained the manager.
However, “little has been said about the water problem, that is the main challenge. What the businessmen tell us is that they have been very hand in hand with the state authorities to solve this problem and they are working on it, ”he emphasized.
He deepened that Nuevo León is the spearhead, and with the arrival of Tesla there is a great appetite on the part of developers to build industrial spaces, as well as housing, mainly in municipalities such as Juárez, Cadereyta, Ciénega de Flores, which have rates higher than states complete.
The best intermediary of Fovissste
On the other hand, Erik Kuntzy Lizaola, regional business director at BIM, commented that in addition to the bridge loan for building support, they streamline the credit origination process to reduce the time in which the beneficiary receives his resources and complement the individual part with this financial product.
He stressed that it is a more specialized service, “we have a control desk that supports us with operations and contact with Fovissste, to meet the needs of the beneficiary.”
He emphasized the work that the Mexican Real Estate Bank is doing in the La Laguna area, in Coahuila, both in the industrial part, “housing is also strong, Durango participates strongly, it is a place that by location absorbs a lot of Fovissste credit, as well as Tamaulipas In the border area, there is a very strong activity”.
Banco Inmobiliario Mexicano, he said, closed above 11,000 million pesos last year, in 2023 it expects to close above 12,000 or 13,000 and the delinquency rate is a little above 4.0%, especially in the states of the southeast, on the other hand “in the north delinquency is 1.6%, it is a very low rate, because there is a deeply rooted payment culture.”
