Ronald Fernandez Davila

PPU represents IKSA in loan for real estate project

Philippi Prietocarrizosa Ferrero DU & Uría Peru has represented Inmobiliaria Koricancha (IKSA) in connection with a medium-term loan obtained from Banco de Crédito del Perú for the construction of a real estate project.

This transaction was signed in February and disbursed in March, for a value of approximately US$20 MM. CMS Grau also participated in the transaction.

The advice consisted of assistance with the loan agreements and the guarantees provided to secure IKSA’s obligations thereunder. The guarantees granted involved a mortgage agreement and a trust agreement. A crucial part of the implementation of one of the guarantees involved coordination with Lima Airport Partners. The advice also involved the granting of a bridge loan before the medium term.

Melissa Calderón acted as in-house counsel for Credicorp Capital.

CMS Grau’s team included lawyers Juan José Hopkins, Cinthia Cánepa and Miguel Viale.

PPU’s team was led by partner Ronald Fernandez Davila (pictured), with support from senior associate Sergio Rodriguez and associate Maria Jose Canales.

L Giselle Estrada