The last logistical mile is the new bet of the Mexican Real Estate Bank (BIM) .
This financial institution specialized in granting different types of loans aims to take advantage of the real estate boom that is currently happening in Mexico, with the opening of a loan focused on the construction of storage warehouses (distribution centers) for the so-called last mile.
The credit can finance up to 65% of the total cost of real estate development , provide a 30% advance payment and is set for a term of up to 10 years.
Gregorio Sánchez, corporate business director of BIM, explained in an interview with T21 that the bank’s outlook is positive and the plan is to place at least 500 million pesos for this year.
“We will be very, very successful,” he predicted within the framework of the BIM 2024 Territorial Tour.
He indicated that within his analysis is that in the Mexican real estate market up to 500 thousand square meters of leased inventory have been inserted in just the first four months of this year, a growth of almost 35% compared to the same cycle of the year. past; In addition, they estimate that in 2023, 350 new industrial projects will begin , which is equivalent to 5.3 million m2 under construction.
Specialists have indicated that both the strength of the domestic market and the arrival of new companies to the country (with nearshoring ) have strengthened the industrial and logistics real estate market.
Sánchez Hernández explained that BIM’s intention is to offer credits for the different markets in the Mexican Republic , such as Mexico City and its metropolitan area, Bajío and the north of the country, as well as the southeast and even those close to the main commercial ports. .
One of the main characteristics for granting credit is that developers already have clients for the different distribution centers they plan to build.
BIM is a financial institution that this year is celebrating its first decade of operations in Mexico.
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