The Palisades Group, LLC (“Palisades”), an alternative asset manager in the global residential credit and real estate markets, announced that its fintech lending platform secured a $300 million capital commitment to provide financing to international homebuyers in Mexico and LatAm.
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“In many countries around the globe, especially LatAm, home financing solutions for foreigners are non-existent, exorbitantly expensive and/or unsafe,” said Jack Macdowell, Palisades’ Managing Partner and Chief Investment Officer. “As a result, international homeownership is often reserved for those with the financial capacity to pay cash while excluding conventional creditworthy consumers.”
MoXi’s mission is to democratize access to international homeownership through technology-driven lending solutions that provide thoughtful consumer education, streamlined credit underwriting and securely originated loans that effectively navigate the complexities of local property laws abroad.
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“Through exhaustive research and extensive investment, the MoXi team has developed world-class processes to evaluate foreigner creditworthiness and originate loans secured by Mexican real estate,” said Alex Koper, MoXi’s Chief Executive Officer. “Our foreign clients appreciate MoXi’s transparent financing solutions in Mexico as our team’s local knowledge and expertise creates a safer and more secure transaction while simultaneously increasing purchasing power and liquidity,” added Koper.
For MoXi, Mexico is the wedge into a global multi-trillion-dollar annual total addressable market. The global market for international migrants and tourists forms the foundation for MoXi to deploy its scalable playbook in transforming the world’s access to homeownership without borders.
“We are thrilled to deploy this capital as we fulfill our mission to democratize access to affordable international home financing solutions for the world and its people,” said Koper.
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