This Friday, October 1, the Mexican Real Estate Bank (BIM) celebrated eight years in the Mexican market, throughout which it has financed a total of 113,650 homes throughout the country.

The general director of BIM highlighted that the institution offers various credit options to both individuals and developer companies

Also, to date, the bank reports a profit of more than 54.1 million pesos (mp) and a fund-raising of 5,367 million pesos. In addition, it has consolidated a portfolio of 7,066 million pesos and assets under trust administration for 35,432 million pesos.

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In this regard, Rodrigo Padilla Quiroz, general director of BIM, highlighted that the institution offers various credit options to both individuals and developer companies.

The Mexican Real Estate Bank has several options to satisfy the needs of its clients; offering both individuals and companies the necessary tools for their growth.

The institution also includes Multiple Banking specialized in granting financing for the 

construction, development and maintenance of the real estate industry in Mexico; sector with constant support needs and the need for agile decision-making levels, said the manager.

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He added that, despite the Covid-19 pandemic, clients have trusted BIM and have approached to request different credits to start or finish high-impact projects.

BIM began in 2009 as the Comprehensive Real Estate Support Foundation. However, years later, it acquired the Mexican House SOFOM and a year later the National Banking and Securities Commission authorized the entity to become a bank.

In 2014 the first syndicated loans entered; and until January 2017 the capitalization process started, this after a significant increase in the loan portfolio.

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