BBVA Mexico acted as sole bookrunner in the refinancing of the Punto Valle mixed-use development in northern Mexico. The transaction totaled MXN 2.2 billion with a five-year maturity and supports the flagship project developed by Visa Desarrollos in San Pedro Garza García, Nuevo León.

BBVA participated with MXN 1.1 billion, representing 50% of the syndicated loan, through its Business & Institutions Banking and Corporate & Investment Banking divisions. The bank said the financing reflects its commitment to supporting major real estate developments that contribute to economic activity and confidence in Mexico’s property sector.