8,000 Housing Units Project, Ecuador

7/23/2019 8,000 Housing Units Project, Ecuador

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NAME OF PROJECT: BEAUTIFUL PLAYAS-ENGABO MAJOR HOUSING PROJECT INTHE BEST SECOND WEATHER IN THE WORLD, 2015

AMOUNT TO BE LOANED: US$ 250 m!!"# Am%&'# D"!!'%()PURPOSE:To Construct 8,000 low-to-medium income people houses, in stages of 1,000 houseseach. The Contracts will be celebrated between the parties, namely: the projects promoters, theConstructors, and issuer of the !an" #uarantee, and a $uali%ed international %nancial agency.

INTEREST: LIBOR * 1 annually.

TERM: &0 years with a &-years grace period.

GUARANTEE: '+ ' pool of mortgage totaling()80 *illion +ollars of the 8.000 illas,b ' portfolio of 1,&0,000 bonds with a face alue of /(&0.00 each to be paid within a &0-years term on the monthly basis, totaling /()80,000,000 +ollars,c Corporatie !onds and !ills of 23change totaling /()80 *illion +ollar issued by the 4rojectsConstructord !an" #uarantee of /(& *illion +ollars to be placed in the same ban" account where theinestors will place the monies to %nance the deelopment of the 5!ri6as del *ar7 until its fullaccomplishment.

PROJECT ORIGIN: 2cuadorians are suering a &.9 million de%cit of houses which anincreasinggrowth of 0,000 houses a year. The main projects purpose is to coer only theincreasing growth rate per year, applying friendly policies and the use of new internationalsources of capital with appropriate long-term credit scenario to let the low-income people toadjust a reasonable monthly payment and to obtain the goernment construction bond of/(9,000 per each of the 8,000 housing units, totaling /()8,000,000. 'll #oernment bondsare cash-bac"ed.

DESCRIPTION OF PROJECT: eeral leading constructing company in 2cuador, duly approedby the *inistry of ousing of 2cuador, are underta"ing the challenger to construct low-incomepeoples houses, including important construction companies based with long-e3perience in the

construction business, li"e major wor"s in #uaya$uil such commercial malls,#uayas !ay shore,shopping centers, supermar"et buildings, churches, multi-family houses, indiidual houses, etc.;and the accumulation of sound e$uity on paid-in capital, construction machinery and labor force,and good relations with political and ban"ing circles in 2cuador.

FINANCING PLAN: the total cost of construction per house, includes land and the infrastructurewor"s is /()0,000 'merican +ollars. The opportunity cost on raw materials, such as steel, ironand cement are guaranteed by future purchasing contracts with the localcement plant and steelmill under e3cellent price policy to be coered by sureness of the big sales amounts re$uired inthe project, in such way, these proiders will act as coered partners in this construction project.


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The =unds 'dministrator or Trustee will manage the funds to underta"e for deeloping the entirehousing project in 8 stages of 1,000 houses each, and per each constructing %rm in 2cuador.

F#'# S'%" % .!!':T"/'! S'! C"(/ % '& "(# #/: US$0,000 D"!!'%(T%m: 20 3'%(, 4/ 2 " %'& %"6M"#/!3 P'3m#/: US$250)00D"4# P'3m#/: US$500)00 D"!!'%(

OTHERS PROJECT7S OBJECTI8ES)-!esides, the current projects objectie is focused in contributing to deelop a realhousingmar"et in 2cuador, to help to oercome the economic standstill that 2cuador is facing atthis moment. ousing construction is one of sectors that generate more direct and indirect >?!in a short term. @e see the housing construction as a real estate industry, using fresh fundsresources on long term and with %nancing tools that eliminate some ta3es or encumbrances.ousing construction improes the family welfare and generates massie labor and employmentin the less possible time frame.

The housing construction represents for the 2cuadorian economy, in the current project, as thebest distributed inestment, because it goes and reach the biggest number of families helping toimproe peoples purchasing capacity, constituting a long term saing, replacing the classicmonthly rent cannon which at the end it does not produce any result; in our project the2cuadorian family is paying its own house and in this manner the money or funds used aredistributed in a ast number of proiders from all oer the economic sectors. The majority of thematerial and products employed in the construction %eld are domestically made and


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.- The assurance to count with funds and necessary %nancing instruments to %nish theallconstruction wor"s..- 2nding date for all wor"s..- The assurance that the funds will conducted e3clusiely to underta"e this project..- To demonstrate that the project has technical, %nancial and legal suitability to beaccomplished..- ales schedule with appropriate customers or %nal bene%ciaries, who assure with their ownedresources, including other source of resources and %nancing instruments..- To inole each potential purchaser or %nal bene%ciary to accomplish the conditioningful%llment to oercome this project.

The constructing companies and sales promoters will integrate part of the Trust that willadministrate the funds for all housing construction operations and sales of the housesrespectiely, in eery stage of this project. The projects trustee will administrate all ban"ing%nancial operations.

B) - PROPER TECNOLOGY) 9=or deeloping this housing construction project it is necessary to apply an e3cellent constructiontechnology that proides the following characteristics:1.- The best construction costs by employing high structural capacity materials.

&.- igh resistance B weight rate to absorb seismic moements.A.- =ast construction system with a minimum of superision.).- ong-useful-life materials employed for the houses construction..- *odular De3ibility to allow adjusting e3tensional construction wor"s.9.- olid and minimum wall weight.E.- 23cellent thermal resistance to sae energy and enironmental control for coldness andhotness.8.- =acility to hide electric and sewer installations.

The technology must be protected under a construction patent duly accredited by professionalschools in 2cuador, issuing a patent certi%cate for this project. The use of this patent constitutesan additional guarantee for the granting the line of credit by the international inestor, based on

the log lasting life of the houses which will not suer any "ind of damages or problems duringthecredit term, as much as for the for the insurance policy that coers this negotiation.

C)- FINANCING )-The %nancing will be carried out by the conersion of this project and its promoters intoa54referred Client7 under a 5Feal tate Trust7, which will include the following parties: Thelandlord, the constructor, the guarantor, and the trustee which is the =unds 'dministrator G


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The total monthly payments will totali6e 100H of the houses cost alue.The


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4er meter &00 s$. meter T?T' C?T 8,000 ?/2US$15)00 US$,000)00 US$,000)00 US$2


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4layas downtown by urban public and spacious bus terminal which will be constructed tofacilitate all the serices related with urban publictransportation. !esides, the project includesenough and ad e$uated par"ing places transportation per each housing units.?ther lands are located at 52ngabao7, 4arrish of 4layas Canton with 100 hectares or 1,000,000s$. meters.

B)- LOCAL STREETS)-The urbani6ation will include the construction system of paed 8 meters-width streets that willcoer the whole urbani6ation to allow the free drien-transportation for urban public as well asfor domestic personal priate transportation that allows a eeryone to par" into their own garageinside their homes.

C)- FUNDAMENTALS OF THE DESIGN)-To ta"e the best adantage of the land topography, urbani6ation project has been designed, toconstruct at the front part of each housing unit a garage or par"ing place per each unit coeringA00 hectares. !esides, there are A0H of green areas that the *unicipality demands by law orenforce per urbani6ation to be constructed. 'dditional swimming pools for "ids will also to beconstructed for the security of all families that will be the corresponding bene%ciary per eachhousing unit.

)- CHART OF USES OF SOIL)-

TOTAL AREA FOR CONSTRUCTINGHOUSES:

,000,000 ('% m/%(

#F22I 'F2' A0H: 00,000 s$uare meters?/


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The project is based mostly in the potentiality of the city of 4layas - 2ngabao. This beach resorthas population of 0,0000 inhabitants Gduring the beach resort season reach to 10,000 and isconsidered the sea-side resort of #uaya$uil Gpop. &. million where the middle-to-high classpeople has constructed numerous apartments and illas to spend the acation time during ourrainy season from +ecember to *ay. !esides, 4layas is been projected as a city of permanentresidents, at this moment, counts with characteristics that oer-passed the condition of a resortfor wee"ends, and due that the city of #uaya$uil is oer populated with a high rate of lac" ofhousing units ownership and with relatie small aailability of land for housing deelopment; andin addition we are able oer warm and "indly hospitality all the entire year for national andinternational isitors. 'mong its main characteristics as a resort, we can mention the following:

STRATEGIC NATIONAL AND INTERNATIONAL GEOGRAPHICAL LOCATION)

P!'3'( - E#''" is been launched with this project to a national leel and internationalincreasing scale. This is due to that the 4aci%c Fim of 2cuador is also being transforming in themost important international commercial 6one. 's a beach resort is capturing internationalisitors and oering each time better enironmental conditions.


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The basic goal of the Coastal tudies to be consider in this 4roject is to support project itself andothers one for the defense and protection of beaches. This is accomplished by a directcollaboration in the design of these projects and the maintenance of the basic informationneeded. The 4roject also will try to "eep our country up to date in the techni$ues used in this%eld. This is going to be a pioneer wor" and studies in the protection of its coastline and in theregeneration of beaches, this actiity is an e3traordinarily young branch of ciil engineering, whichre$uires a signi%cant eort in basic and applied research.The actiity of this sector of the 4rojectconsists of four basic areas: Coastal dynamics studies, whose aim is to progress in the "nowledgeof the transport processes which lead to beach eolution.T E&"#"m3 " P%"&/

The tourism moement is of great importance to the local economy, with 10,000 Misitors yearlyand with earnings of around (A million. Tourism together in action with housing deelopment isthe major foreign currency earner and major proider of employment. There is no doubt that thetourism and housing deelopment industries hae contributed enormously to the economy of theFepublic of 2cuador and to the standard of liing of the people.To cater for this increase intourists and housing deelopment in 4layas-2ngabao, the demand of number of hotels andhosing need to shoot up to proide comfort and %rs-class'ccommodations and medium-class income illas to supply the current demand period. Themajority of hotels and housing deelopment hae been built along on the coast of 4layas O +atahigh ways because the main attraction for tourists in 4layas - 2ngabao is the sea and itsbeaches. Thought the ousing +eelopment and its complementary constructing deelopmentis located along and infront of the beach of 4layas- 2ngabao coering 1,800 hectares G18 *illionss$uare meters, the center of the resort, and account with the fact that the most beautiful andscenic beaches are to be found around at those locations.'s the number of arrials of tourists and new inhabitants are e3pected to increase steadily oerthe ne3t few years there is considerable pressure from property deelopers to obtain permissionfrom goernment for the construction of more hotels and housing deelopment around thecoastline.


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Gtoilets, water supply, and accommodation has been carefully planned. Two dierent driers,each with their own ehicle, hae been contracted for the tours. The ehicles arecomfortablecarry 8-1) domestic isitors and international tourists.

Complementary investments are been executed in this same area such as Karibao Proyect which is anacronym for "The Caribbean in Engabao" This real estate development is uni!ue in Ecuador where theirpromotors have paired up the Pacific with the Caribbean in an area of unspoiled beaches located nearEngabao an hour#s drive from $uaya!uil This is more than a real estate pro%ect& it is the birth of a new coastaltown that will have an oceanfront of golden beaches and a lagoon of clear tur!uoise waters The complexfeatures an optimi'ed traffic circulation plan where green spaces and landscaping predominate (dditionallythis pro%ect will harmoni'ed the everyday life of $uayas with the relaxed lifestyle of a Caribbean island with allthe comforts of a European or (merican town& restaurants shops ba)eries a pharmacy supermar)et gasstation spa etc representing a very high*!uality lifestyle developed for those who appreciate all the comfortsof modern life while being able to en%oy an exclusive environment of lights colors and scents Estimatedpotential investment is around +,-./ 0illion 1ollars

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8,000 Housing Units Project, Ecuador

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