Solida RE

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Solida (or the Company) has invited IFC to participate in one of its main business operations: investments in lower-income housing projects. In this line of business, Solida provides preferred equity capital to large homebuilders in Mexico for the acquisition of land. On its own account, the Company has financed approximately 50 projects to date, equivalent to the construction of around 110,000 mostly lower-income houses. The proposed project would entail IFC co-investing up to US$50 million, or 20% of the total financing needs, through a master trust to provide preferred equity capital for individual low-income housing subprojects. Solida and possibly another investor will provide the remaining funds.