Costa Rica: $100 million alliance of Deutsche Bank-Riverside Developers

The Costa Rican firm Riverside Developers has signed an agreement with MortgageIT Inc., a subsidiary of Deutsche Bank, one of the world's largest financial institutions.

Tuesday, June 17, 2008


The real estate developer has obtained a credit line of 100 million dollars.
The negotiation represents eight months of work, during which MortgageIT carried out due diligence.
Once this was completed, MortgageIT agreed to open the line of credit to all of Riverside's current and future projects.

More on this topic

Banco G & T Acquires Citi Guatemala Portfolio

December 2011

G & T Continental has acquired, at $64 million, Citibank de Guatemala’s housing portfolio.

Flavio Montenegro, general manager of G & T Continental, said the payment was in cash and Citibank de Guatemala has already handed over the records of the respective accounts.

For its part, Crista Kepfer, public relations officer of Citibank, told,"The decision was made to sell the FHA mortgage portfolio as part of Citi's strategy of focusing on a global scale in other banking segments and using those resources to invest in other lines of business. "

Panama: Boom in Construction Loans

April 2013

In January 2013, banks granted the construction sector loans worth $2.92 billion, which is $89.6 million more than in January 2012, when the figure was $2.83 billion.

These type of loans, represent 11.45% of the loans granted by the National Banking System, which adds up to a total of $33.5141 billion.

Housing Credit Down 55% In El Salvador

September 2013

Up to June banks had only provided financing for housing projects worth $14.36 million, while in the same period last year it had already reached $32 million.  

"The new housing projects can be counted on the fingers of one hand," said the executive director of the Salvadoran Chamber of Construction Industry (Casalco), Ismael Nolasco, adding that the drop is a reflection of an industry that is not investing in large housing projects because it has seen any demand.

Banco General Moves into Consumer Banking

May 2010

In Costa Rica, Panama’s Banco General is starting a push into the country’s consumer banking market.

In its first year of operation, the bank focused only on corporate customers, but will now expand into the consumer banking market gradually. They will start by offering mortgage loans.

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Desarrollo Inmobiliarios 4D

We are a firm dedicated Aldesa Investment Corporation to seize business opportunities in the housing market.
Operates in Costa Rica and Costa Rica
Phone: (506) 2207-8888

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