Banco Inmobiliario Mexicano to Increase Housing Construction Financing by 6%
In 2025, Banco Inmobiliario Mexicano (BIM) will provide 14,270 million pesos in bridge loans to boost the construction of 12,000 homes across various regions in Mexico. This amount represents a 6% increase compared to the previous year, aligning with current economic conditions.
BIM’s Position in Housing Financing
Ernesto Fragoso, BIM’s Director of Corporate Business and Wealth Management, attributes the annual 6% increase to expectations following Donald Trump’s presidency in the United States. He also mentioned that BIM is on track with budget compliance and confident in achieving its goals.
Rodrigo Padilla Quiroz, BIM’s General Director, stated that by April’s end, BIM ranked as the seventh bank (out of 21) providing the most financing for housing construction in Mexico. He highlighted BIM’s efficiency, with an average of seven days from contract signing to loan disbursement. Moreover, 36.8% of the 13,969 million pesos loan portfolio is dedicated to financing Small and Medium Enterprises (SMEs).
Positive Signals for the Housing Market
Despite a complex economic environment, Fragoso asserts that the local landscape offers favorable conditions for expanding housing financing to developers.
“There are ups and downs, but we see a stable exchange rate, controlled inflation, and a downward trend in interest rates. This encourages bridge loans, with developers eagerly seeking financing, and BIM is there to support them,” Fragoso explained.
He also mentioned that the residential sector would not be directly affected by US tariffs. Instead, he emphasized Mexico’s internal growth potential, as the country faces a housing deficit of over 8 million homes—presenting an opportunity to expand the housing supply beyond the one million houses planned in the federal six-year program.
Cooling Industrial Sector
In 2024, BIM launched a strategy to address the nearshoring boom by offering credits to industrial warehouse developers. However, the bank has faced a slowdown in this sector, partly due to tariffs imposed by the Trump administration.
So far, 200 million pesos have been allocated to this segment, with another 500 million projected for the coming months. Despite this, BIM has identified new opportunities: “The initial plan was to focus on nearshoring, but we discovered another significant niche in small logistics centers,” Fragoso noted.
Key Questions and Answers
- What is the total amount BIM will finance in 2025? BIM will provide 14,270 million pesos in bridge loans for housing construction.
- Why is there a 6% increase in financing compared to the previous year? The increase aligns with current economic conditions and expectations following Donald Trump’s presidency in the United States.
- What is BIM’s ranking in housing financing in Mexico? BIM ranks as the seventh bank providing the most financing for housing construction in Mexico.
- How efficient is BIM in disbursing loans? BIM has an average of seven days from contract signing to loan disbursement.
- What percentage of BIM’s loan portfolio is dedicated to SMEs? 36.8% of BIM’s 13,969 million pesos loan portfolio is dedicated to financing SMEs.
- How will the housing market be affected by US tariffs? The residential sector in Mexico will not be directly impacted by US tariffs, presenting an opportunity for growth.
- What challenges is BIM facing in the industrial sector? BIM has encountered a slowdown in the industrial sector due to tariffs imposed by the Trump administration.
- What new opportunities has BIM identified? BIM has discovered a significant niche in small logistics centers.
