NHG advised Banorte, on a US$62 million billateral senior secured credit for the construction of Ánima Village shopping center, at Los Cabos

NHG advised Banorte, as lender, on a US$62 million billateral senior secured credit facility to a trust vehicle formed and controlled by Grupo Sordo Madaleno, a leading mexican architecture firm specialized in the development of crafting human-centered environments that promote connection and maintain deep focus on sustainability, for the construction and development of Ánima Village shopping center, at Los Cabos.

The credit facility is structured by two different credit facilities: the first credit facility of US$51 million is allocated to pay for the development and construction of Ánima Village shopping center, while the second credit facility of MXN$200 million is allocated to finance the Value Added Tax generated by the development and construction of the shopping center.

Ánima Village shopping center is a destination created by Grupo Sordo Madaleno which thinks about how communities of the future will be by creating a place that elevates senses and emotions and preserves the natural environment.

Grupo Sordo Madaleno is world-known mexican architecture firm with projects in Mexico, Paraguay, United States, Thailand, and Spain.