Our Today
October 8, 2025
Sygnus Capital closes US$5.4-M real estate loan in Puerto Rico
(Seated from left) Eric Delgado Torres, private credit business development manager at Sygnus Capital Puerto Rico; Abel Misla of Misla Villalba Group; Nannette Pérez, portfolio manager, Investment Banking, Sygnus Capital Puerto Rico; and Daniel Muler López, account manager, Investment Banking, Sygnus Capital Puerto Rico join (standing from left) attorneys-at-law Marta Ramírez Isern, Carlos Batista, and Jennifer Gomez Kiss for a photo after signing a loan contract for US$5.4 million.
Sygnus Capital PR LLC has closed on a US$5.4 million ($830 million) construction loan to Centric Holdings LLC for the development of Centric Contemporary Urban Residences, a 24-unit housing development in Ponce, Puerto Rico.
The transaction signals Sygnus Capital PR LLC, a member of the Sygnus Group, deepening its footprint in Puerto Rico’s real estate sector. Moreover, it reflects the company’s growing influence in one of the Caribbean’s most competitive property markets and its commitment to funding high-impact projects that address critical housing needs.
“This investment underscores Sygnus’ commitment to strategically deploy capital where it can create meaningful community impact,” stated Eric Delgado, Business Development Manager, Sygnus Capital PR LLC.
“By financing high-impact developments in underserved markets, we are enabling access to affordable housing and solidifying our role in Puerto Rico as a strategic investment partner.
The project will provide modern, affordable homes with features including approximately 1,500 square feet of living space across two levels, three bedrooms, three full bathrooms, 10-foot ceilings, private parking, and outdoor living areas, including a private patio and garden. The units should satisfy the needs of working families and middle-income residents.
Such a development aims to address the shortage of more than 60,000 housing units in Puerto Rico, particularly in communities outside the capital. This gap is driven by post-hurricane displacement, population shifts, and limited new housing starts over the past decade.
Puerto Rican entrepreneur and real estate developer Abel Misla – who has a track record for delivering quality and value-driven housing that blends contemporary design with community needs – is leading the development project.
This latest transaction adds to Sygnus’ growing portfolio of real estate investments across Puerto Rico and the wider Caribbean, particularly in markets often overlooked by traditional financiers. The construction loan will fund the project from ground-breaking, expected in Q4 2025, through to completion, with sales projected to begin mid-2026.
For Sygnus, which has established itself as a leader in alternative investments from its base in Kingston, Jamaica, Puerto Rico is a strategic growth market. The firm’s approach blends private credit with community-focused real estate development.
Structuring the financing of Centric Holdings LLC now positions Sygus Capital as a key player, if not a leader, in the Caribbean’s alternative investment industry.
“At Sygnus, we believe capital can build the future,” said Raúl Cacho, head of Private Credit, Sygnus Capital Puerto Rico. “We’re honoured to support developers like Centric who share our commitment to transforming communities through intentional, inclusive investment.”
https://our.today/sygnus-capital-closes-us5-4-m-real-estate-loan-in-puerto-rico/
