The Spanish company CLERHP Estructuras S.A. (listed on BME Growth) has just completed a strategic move that not only consolidates its financial structure but also underscores market confidence in its vision for sustainable urban development: the full financing of Larimar City & Resort in the Dominican Republic.
This milestone represents a firm statement about CLERHP’s strength and the potential of its flagship project in Latin America.
đ° Dual Financing Strategy for a Transformative Project
CLERHP has deployed a dual financial strategy to secure the necessary resources to advance the construction of phases 1 and 2 of Larimar City & Resort, which will house more than 8,022 residential units.
International Credit Line:
The Dominican subsidiary, IngenierĂa y Estructuras del Caribe (Inecar SRL), has secured a $15 million U.S. dollar credit line approved by Mercantil Banco S.A. (Panama).
This operation, backed by real estate guarantees and joint and several sureties from major shareholders, strengthens the confidence of international banking in CLERHP’s management model.
Access to Capital Markets with Bonds:
In parallel, the company has initiated the structuring of a bond program of up to $75 million U.S. dollars on the Panama Stock Exchange (Latinex), through Mercantil Servicios Financieros Internacional, S.A.
This program, channeled through a trust, will allow CLERHP to significantly diversify its funding sources and optimize its capital structure for the new phase of expansion.
âš Larimar City & Resort: A “Pioneering” Project
Larimar City & Resort is not just a residential complex; it is projected as a “pioneering city” that seeks to set a new standard by combining investment, sustainability, and well-being in a unique location.
Juan Andrés Romero Hernåndez, president of CLERHP, emphasized the significance of this achievement:
âThis step reaffirms the financial system’s confidence in CLERHPâs solidity and the potential of Larimar City & Resort as a transformative project for the region. The support received will allow us to accelerate the creation of this pioneering city that combines investment, sustainability, and well-being in a unique enclave.â
đ Consolidated Growth and Leadership
With the completion of the financing, CLERHP not only ensures the project’s execution but also consolidates its international expansion and its leadership position in sustainable urban development in Latin America.
The bond operation, in particular, expands its access to capital markets, initiating a new growth stage supported by international financial backing. Although the results update to June 2025 reflects a slight moderation in sales, the sustained growth in the balance sheet, driven by the increasing weight of Larimar City & Resort, indicates an upward and stable trajectory for the company.
CLERHP Estructuras has demonstrated its capacity to attract and secure large-scale capital, laying the foundation for what is set to be one of the most ambitious and sustainable developments in the Caribbean.