Brazilian Mortgages
Brazilian Mortgages, the first independent mortgage company in Brazil.
The company was created in 1999 as the first independent mortgage provider in Brazil with operations authorized by the Central Bank. Brazilian Mortgages innovated in the Brazilian financial market by creating the first Real Estate Investment Fund directed to the retail sector: the Shopping Pátio Higienópolis, targeting a major up-scale mall in São Paulo. The company’s current portfolio includes more than 34 funds, among them Torre Norte, Edifício Ourinvest and Hospital Nossa Senhora de Lourdes.
Financing solutions for builders and developers have made possible the construction of developments such as Vila Florença in Rio de Janeiro, Sunrise Bulevard in Santa Catarina, and Edgar Degas in Salvador. After signing an agreement in 2000 with the Inter-American Investment Corporation, the financing arm of the Inter-American Development Bank (IDB), Brazilian Mortgages led the Brazilian market once again by launching unrestricted-use real estate financing. This is a form of real estate refinancing where fully paid-up property is used as collateral. The funds so obtained can be used by the borrower without restriction, for example to purchase a second property, pay for a renovation, finance children’s studies or even to take a vacation.
