BLP has advised NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN N.V. (“FMO”) on its $60 million funding alongside BANCO LA HIPOTECARIA, S.A. (Panama) y LA HIPOTECARIA, S.A. DE C.V. (El Salvador). BLP’s role was to advise FMO in the review of the facility agreement under local law and execution thereof, the preparation of all documentation, and the planning, negotiation, and formalization of local securities.

This transaction is highly relevant for El Salvador and Panamá since it will finance affordable housing mortgages in the two countries, targeting an underserved segment of low- and middle-income borrowers, supporting economic growth, and reducing inequality.

The BLP team was comprised of Partners Zygmunt Brett and Mariana Nochez in El Salvador.