Securitizadora Security

proposed

The objectives of the project are to: i) contribute to the development of the local capital markets by supporting the securitization process of endorsable mortgage credits and housing leasing contract as a viable investment option for institutional investors; and ii) increase the sources of long term funding to mortgage and leasing originators, increasing the availability of housing finance for low and middle-income families and therefore supporting the reduction in housing deficit.The IDB and the IIC will provide to SSEC a secured revolving warehousing line of up to US$50 million with an availability period of 6 years and a tenor of up to 21 years. With the financing, SSEC will purchase and accumulate housing leasing contracts and endorsable mortgage credits for their further securitization in the Chilean capital market.