Chávez Vargas Minutti advises Banco Santander in two syndicated loans for the construction of Real Estate Projects in the State of Jalisco.
Chávez Vargas Minutti advised Banco Santander (Mexico) in the granting of two syndicated loans, for a total amount up to $1,376,000,000 (one thousand three hundred and seventy-six million Pesos), for the construction of two real estate projects (apartments, office levels and commercial areas) in the metropolitan area of the state of Jalisco.
In the first transaction, (closed in November 2022), Banco Santander (Mexico) acted as Guaranty Agent and Lender, and Banco Mercantil del Norte (Banorte) acted as Lender.
In the second transaction, (closed in February 2023), Banco Santander (Mexico) acted as Guaranty Agent and Lender, and Banco Multiva (Multiva) acted as Lender.
Chávez Vargas Minutti’s activities as the Lender´s legal counsel in both credit loans, included due diligence, as well as the structuring and negotiation of the loans, and the guarantee documents.
Legal Advisors:
Lenders:
Chávez Vargas Minutti: Partner Alejandro Carreño, Senior Associate Cynthia Ibarra and Associate Raseck Martínez.
Borrower:
SMPS Legal: Partner Ivan Pérez Correa and Associate Jiro Gorozpe.