NHG advised Grupo Financiero Banorte as lender for MXN$4.750 billion

Nader, Hayaux & Goebel advised and represented Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte  acting as lender in the negotiations, structuring and documentation of a secured credit facility granted by the Lender to LMF Frisa Comercial, which facility was primarily addressed to repay existing debt.

The transaction involved Frisa, which is one of the most important industrial, retail, and office real estate investors in Mexico, focusing on income-producing properties. The transaction included 7 shopping centers, most of them being subject to condominium regimes and more than 800 lease agreements.

The transaction was for a total amount of MXN$4,750,000,000 and involved the participation of Partners Michell Nader and Eduardo Villanueva, associates Agustin Dartigues, Liam Remberg del Toro and Law Clerk Fernando Villalón.