Delta Leasing Habitacional S.A.

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Project Number: 
CH1069A-01
Expected Consideration Date by the Board: 
02/10/2000
Date Posted: 
12/27/1999
Company: 
Delta Leasing Habitacional/Empresa Constructora Delta
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 
Project Description: The Project consists of a 10-year senior loan for up to US$7 million and of a preferred equity investment for up to US$1 million. These funds will be used to finance the acquisition of low-cost housing for leasing to individuals. The lease contracts generated will be securitized once a sufficient amount of them has been accumulated. The Project also involves the development and sale of lease-backed securities, a new instrument in Chile.
Environmental Review: 
This is a Category III project according to IIC’s environmental and labor review procedures.

The lease transactions will be subject to an environmental and labor review and must comply with national environmental and labor laws, regulations and standards, as well as IIC’s environmental and labor review policy.