📋 Tender Overview
Project Number: 48697
Company Name: MCN Investments, Ltd.
Date ESRS Disclosed: Feb 2, 2024
Country: Latin America Region
Region: Latin America and the Caribbean and Europe
Environmental Category: B
Status: Pending Approval
Department: Disruptive Technologies and Funds
Project Description
Founded in 2019 in Colombia, Habi is a leading PropTech platform in Latin America. Habi is building the digital infrastructure to support an efficient residential real estate market in Latin America. Habi's market revolutionizing products provide home pricing, unparalleled access to liquidity and improved transaction capabilities to low and middle-class families.
Habi's Market Maker platform purchases, rehabs, and resells (flips) residential homes in Colombia & Mexico in the low and middle income segments. Habi first launched in Colombia in 2019, expanded to Mexico in 2021 and has purchased and resold over 7k homes in the two countries since then. Habi is today present in 15 cities across Mexico and Colombia, including Ciudad de Mexico, Guadalajara Monterrey, Bogotá, Cali, and Medellin, among others. These properties are mainly apartments in existing residential buildings. Properties purchased usually undergo light renovations (painting, changing of electrical fixtures and switches, updating of appliances, and other minor renovation work). Habi relies on a pool of third-party contractors to undertake renovations, usually for 3-7 days on each property, leaving them ready to sell to new owners.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
