Structured Transactions of Real Estate

The Real Estate structured transaction is a financial transaction that has as main objective the raising of funds to an interest rate lower than that charged by the market without the need for disposal of real estate assets. In this type of operation, the originator transfers the active area of a Special Purpose Company (SPC) concomitant with a lease agreement with it. The SPE, in turn, issues real estate receivables (arising from the lease agreement established between the PES and juridical person occupying the property) for a securitization that will give you the resources brought to present value by a rate "x". Then, the receivables securitization standardize and issue mortgage-backed securities (CRI's) which will distribute them to its investors. The diagrams below illustrate two types of structured transactions.

The main advantage of this operation is the possibility that the asset owner to raise funds by selling the property without however giving up ownership of the property.