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First Footprints in Central America

PINMSA is a Costa Rican Real Estate developer founded in 2004. It engages in the development and operation of different types of assets such as office, industrial, commercial and lodging. They are also known for being one of the developers that has successfully implemented the mixed used format in Costa Rica.

The developers wanted to expand into western and eastern locations in San Jose at a substantive cost. Given the scale of the transaction, a pool of Financial Institutions with the expertise required to assess and undertake this operation, along with the resources needed to fund the transaction, was narrowed down.

First Citizens Bank participated in a Syndicated Loan along with another international bank where the borrower was PINMSA. The Syndication was made with the purpose of refinancing PINMSA’s existing debt, refinancing existing loans along with providing coverage for closing related expenses on 4 of its main assets.

Through this collaboration First Citizens made its first steps into Central America.

  • paper order
  • efirst
  • Point of Sale Terminal
  • Classic Credit Card “Shopping”