Mexican real estate platform DD360 receives US$25 million equity investment from Creation Investments

Don’t worry.
Spanish (Spanish)that too!

Creation Investments, a Chicago-based fund with a track record of investing in emerging market finance companies, announces a US$25 million investment in DD360, a technology platform for financing and managing residential real estate in Mexico Did. The US company has offices in India and Mexico and previously invested in financial firm Te Creemos.

In a press release, Creation reveals that DD360 has raised approximately US$91 million in capital to date, and that the Mexican company will use this new funding to support loan growth and product development for the platform. I made it.

Amadeo Ibarra, Creation’s Mexico Country Manager, said:

DD360 CEO and co-founder Jorge Combe said he was delighted to welcome Creation Investments as a shareholder. “We will use these resources to continue to grow our team and balance sheet while addressing Mexico’s enormous housing shortage.”

In the same press release, DD360 was profiled as a highly profitable company that has managed a loan portfolio of over US$230 million and financed 120 real estate projects in Mexico since its inception.

Main Image: Adobe Stock

You may also be interested in: Reversso raises US$1.1 million to improve returns and exchanges in its online store

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *