It is a hybrid investment structure offering a fixed IRR of 12% per year, with scheduled liquidity through amortization of up to 25% of the capital starting from the fourth year. For long-term investors, the fund allows a transition to an equity participation model, which combines a fixed rate of 8% per year, the collection of operational dividends, and full capture of asset appreciation (capital gains), balancing a steady cash flow with high potential for wealth growth. The fund is governed by Luxembourg law and managed by Coinvestment Capital LTD, regulated by the Dubai Financial Services Authority, Category 3C license. In Argentina, investments are administered through a trust regulated by the CNV – Trustee: Compañía Fiduciaria Americana.

The initiative aims to address the structural housing deficit by delivering socially and economically accessible housing, with a focus on financial inclusion, gender perspective, and urban resilience.

While the Argentina Impact Fund is new, the management team, along with our collaborators and contractors, are highly experienced and well-recognized. Our construction professionals have a proven track record in executing and managing large-scale projects. In private meetings, we can name specific individuals.

Most developments have short timelines and are tied to market fluctuations. Our fund offers a model with stable, long-term rental income backed by real guarantees, while also benefiting from market-driven property appreciation over time. The properties remain the fund’s assets until they are fully paid off; no partial ownership is transferred while installments are being collected.

Construction does not begin until the full amount of necessary funds has been secured through investors’ Commitment Letters.

Although the fund operates under Luxembourg law and is managed by a licensed agent, this does not fully protect against mismanagement or bad-faith actions. For this reason, the investment structure is organized through a Commitment Letter and Capital Calls, which restrict the availability of funds to the proposed projects and activities. Investors will not release funds unless prior evidence of their intended use is provided.

We have analyzed the market for several years. The main problem for tenants is the renewal of leases every two years or less, with all that this entails: extra expenses, instability, and uncertainty. Considering only this factor, a large percentage would choose a contract that not only allows extended occupancy as long as payments are made, but also provides the possibility to purchase the property within a set period. This is not speculation on our part—7.7 million tenants want an alternative to the instability of renting.

Our target audience is middle-class, with partially undeclared income and without the upfront payment required for a mortgage. On average, their rent already consumes around 65% of their income. Mortgage installments are high, with interest rates exposing borrowers to significant default risk and conditions that are practically unattainable for this segment. Alternatives to mortgages—such as off-plan projects or pre-construction units—offer few installments, overlap with ongoing rent payments during construction, and require a down payment of at least 15% of the unit’s value. Our offering allows tenants to enter under the same conditions as a rental contract, but with extended terms and an option to purchase.

In that case, you would withdraw smaller amortizations, a coupon composed of an 8% rate, annual dividends from the fund’s operational results, and capital gains from asset appreciation.

Our strategy is volume-based. On one hand, the existing need is urgent, and addressing this structural problem represents a real opportunity. On the other hand, producing 20 units would take the same amount of time—or more—without generating comparable returns, while exposing each investor to the same risk and addressing the needs of only a small number of people. Investing in solving large-scale problems has always been a highly profitable business.

Current market developments are largely leveraged by future owners, who secure a unit through their investment. Many of these schemes resemble pyramidal structures, heavily dependent on real estate market stability, exchange rates, inflation, and other macroeconomic factors. Our model, by contrast, is based on income streams that have been historically proven to be stable and sustainable over the long term, capable of withstanding economic fluctuations. Furthermore, it incorporates financial guarantees and a range of insurance policies, all funded by the tenants, enhancing the overall risk mitigation for investors.

This model is based on scenarios that have already been experienced—situations that our target audience has managed and even capitalized on. It would not change the outcome, and we have developed tools that support the program during periods of adjustment.

In this model, default has historically been below 1% according to statistics. However, in the hypothetical case of a high default rate, we have various insurance policies and a guarantee fund, which are mandatory from the start of the contracts, allowing us to maintain cash flows.

No, the installments are comparable to market rents, include an accessible rate, insurance payments, and a contribution to the guarantee fund.

Yes, but it remains in line with average market rents, while offering the advantage of long-term occupancy stability and an option to purchase.

In periods of severe adjustments due to high inflation and peso devaluation, it is estimated that 6 out of 10 tenants resort to borrowing to pay their installments. Housing is a top priority in the list of expenses; people increase their work hours and reduce consumption—including meals in extreme cases— which is why default rates remain very low, even under severe conditions. We have financial instruments in place that cover defaults in such eventualities.

Not before ten years of occupancy; contracts cannot be transferred except to direct family members or by inheritance.

Our fund’s target audience does not have access to that level of capital, and if these units were placed on the market for sale, they would be purchased by investors who would rent them out under the conditions that currently create a structural problem. This would result in significantly lower returns for our investors.

No, the investor recovers the capital and interest from the guarantee fund, plus 10% of the total amount paid over the period, provided there are no defaults.

It is the document in which the investor assumes a binding commitment or obligation to provide capital contributions to the fund in response to the fund’s capital calls. Failure to meet this commitment, once the fund has fulfilled all its agreed obligations, results in a financial penalty and enables the fund to pursue claims through legal channels.

It is the fund’s request for capital, accompanied by detailed information on the intended use of the funds, submitted after a report on the use of previously requested capital has been provided and approved by the investors.