IFC Supports Vinte with US$301 Million Financing Package for Green Housing Project in Mexico
Summary
This catalytic role will enhance the credit profile of the financing package and enable Vinte to access the local bond market, even amid current economic volatility.The Vinte Green PCG Project is aligned with Mexicos strategic objectives to enhance private sector investment and provide inclusive and sustainable infrastructure services. Vinte, a pioneer in EDGE-certified homes, plans to certify at least 90 percent of its new developments, ensuring significant energy and water savings.Thanks to the strong strategic relationship with partners such as the IFC, Vinte has come the homebuilder with the largest number of EDGE homes certified worldwide and has been able to grow in total annual revenues more than 24x since 2008, considering Javer acquisition\xb4s proforma as of the 3Q of 2024 said Domingo Vald\xe9s D\xedaz, CFO and Board Member. "The Vinte Green PCG Project is expected to have a significant development impact, including increased access to quality affordable housing and improved energy and water efficiency in new and existing properties. With over 21 years of experience, Vinte develops sustainable housing projects aimed at improving residents quality of life, for which the company has received multiple international and national awards. Throughout its history, it has developed more than 60,000 homes across 6 states in Mexico, primarily in the central region, achieving high customer loyalty and broad brand recognition in the areas where it operates.