PPU advised Credicorp on $18.5 million housing project financing in Peru

Philippi Prietocarrizosa Ferrero DU & Uría acted for Credicorp Capital in structuring and financing a housing project together with Inversiones El Plomo.

Credicorp Capital Fondo de Inversión Inmobiliario is a real estate investment fund controlled by Credicorp Capital, the investment bank. Inversiones El Plomo is a real estate developer in Peru.

The transaction included a $15 million loan provided by Banco de Crédito del Perú and a $3.5 million joint venture between Credicorp Capital Fondo de Inversión Inmobiliario and Inversiones El Plomo.

Partner Jeanette Aliaga led the PPU team which acted for Credicorp.

Inversiones El Plomo instructed Benites Forno y Ugaz while Banco de Crédito del Perú relied on in-house counsel.