MoXi and Kocomo Announce Historic Residential Financing in Mexico
SAYULITA, Mexico, March 16, 2022 /PRNewswire/ — MoXia technology-driven international mortgage lender, together with Kocomo, an international vacation home condominium company, today announced a landmark residential real estate finance transaction. Cocomo obtained a fixed rate mortgage denominated in US dollars from MoXi on a residential property located in Punta Sayulita, Mexico. The transaction establishes a foundation for customers around the world to have even greater access to Kocomo’s residential condominium program.
The combination of Moxi’s financing capabilities and Kocomo’s unique co-ownership structure supports each company’s mission to democratize global ownership.
“We are delighted to partner with Kocomo in providing residential financing solutions for properties located in Mexico. In many countries around the world, real estate finance solutions for foreigners are non-existent, exorbitant and/or dangerous,” said Alex Koper, President and CEO of MoXi. “As a result, international homeownership is often restricted to those with the financial ability to pay cash, while excluding creditworthy consumers,” Koper added.
“By combining our technology-enabled condominium offering with MoXi’s efficient and transparent financing solution, we are dramatically expanding consumer access to the life-changing benefits of international real estate ownership,” said Thomas Baudouin, Co-founder and CFO/COO of Kocomo. “We are thrilled to be the first company to offer U.S. and international clients the opportunity to purchase co-ownership interests in Mexico with attractive funding, and additional markets are on the horizon,” added Baldwin.
Together, MoXi and Kocomo are aligned in their quest to bring the power of global homeownership to the world and its people. In a joint statement, MoXi and Kocomo said, “We are excited to join forces to advance new industry standards and domain technologies as we collectively democratize homeownership around the world.
MoXi, recently rebranded as Global Mortgage, operating from its LatAm headquarters since 2017, and through its end-to-end technology platform, creates both purchase and refinance mortgage loans to foreigners looking for a residential financing across Mexico. Today, Mexico; tomorrow, the world.
For more information, please visit www.globalmortgage.mx.
Kocomo is a pioneering real estate technology company focused on delivering the benefits of luxury vacation home ownership to consumers around the world. Leveraging the power of technology, Kocomo is creating a transparent marketplace that allows people to buy, own and sell condominium interests in luxury homes through its vertically integrated platform, from Mexico and South Florida. With smart planning and end-to-end property management services, Kocomo owners enjoy the right size property of spectacular properties without any hassle.
For more information, visit www.kocomo.com
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SOURCEMoXi; Cocomo United States Inc.