Project Overview
In the historic Santa María la Ribera neighborhood of Mexico City, New Harbor successfully deployed a $500,000 participating debt facility for the Alameda (Intra Nogal) project. This 66-unit residential development achieved a high level of market absorption, resulting in a 38% IRR for the developer. Fully realized, the investment delivered a robust 26% IRR to the firm. This early success underscores a long-standing ability to identify high-potential residential markets in Mexico City and structure capital that delivers exceptional risk-adjusted returns.
Asset Class
Residential Development
Capital Deployed
$500,000 USD
Security Structure
Participating Debt
Location
Santa María la Ribera, Mexico City
Project Scope
26% IRR returned to NHIM; 38% IRR for developer
Status
Fully Realized (Completed in 2016)
