When General Electric Co. wanted to finance its sale of a $3 billion commercial real estate mortgage portfolio in Mexico as part of its wind-down of GE Capital, a simple U.S.-style repo wouldn’t do. The more traditional Mexican secured loan market needed a bespoke structure, so the company turned to Latin America specialist Joy Gallup.
“My team got pulled in because of our Mexico expertise,” says Gallup, who also acknowledged that her background in structured finance came in handy when designing a dual-currency seller financing that was the first of its kind in the Mexican market. “Knowing what the market will tolerate, what it is used to seeing and what it will understand” was crucial, Gallup says.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
