Global Brigades is a 501(c)(3) nonprofit headquartered in Fresno, CA that began in 2008 to empower under-resourced communities abroad with health and economic development programs. They are seeking funding for pre-development costs associated with a new affordable housing and sustainable livelihood project in Southern Honduras. The Montemar project, with over 400 residences, parks, and commercial spaces, aims to improve the quality of life for financially excluded residents in the region.
*Interest-only monthly payments with periodic capital paydowns
*Review Accredited Investor requirements
Global Brigades is dedicated to empowering one million people to achieve healthier, more prosperous lives. The organization invests in communities by providing financial resources, expertise, volunteers, and technology to support community-led initiatives in healthcare, public health, and financial inclusion.
Their focus on sustainable livelihoods—those that are resilient, offer long-term viability, and create opportunities to thrive—is key to breaking the cycle of poverty, promoting environmental responsibility, and achieving the UN Sustainable Development Goals.
Montemar redefines affordable housing by creating a vibrant and thriving model community. Located just 5 minutes from San Lorenzo in southern Honduras, this 80-acre property enjoys a strategic position along the Pan-American Highway. The land features a diverse topography, ranging from flat areas to gentle slopes and culminating in a dramatic incline with dense vegetation and three natural creeks.
Montemar’s master plan prioritizes environmental stewardship, preserving nearly all the existing trees and the natural flow of the creeks.
The development will contain:
The proceeds from this loan will provide Global Brigades with the capital needed to initiate the first phase of the project which entails finalizing the master plan and site preparation—including soil analysis, clearing, lot demarcation, utility setup, initial roadwork, and construction of a model unit—enabling them to market and pre-sell seller-financed home affordable homes to low-income families.
The loan will be repaid from the revenue received from sales of lots to cover the financing of this loan.
Montemar is more than just a housing project; it’s a catalyst for change in Southern Honduras. By supporting Montemar, you’ll directly address the region’s critical shortage of affordable housing, estimated to be in the hundreds of thousands of units.
Your contribution will help families achieve the dream of homeownership through accessible seller-financing, empowering them to build equity and financial stability. Moreover, Montemar provides Global Brigades with a sustainable funding source and blueprint for scale, enabling them to expand their vital development programs and create a lasting impact around the world.
Montemar’s financial strategy centers on helping low-income families in Honduras access the government’s new low-interest loan program for homeownership. Many families currently lack the credit history required by banks administering the program. To address this, Montemar empowers families to build credit through incremental payments for their land lots. After a few years of consistent payments, these families will have established the necessary credit history to qualify for the government program and secure financing to begin construction of their homes.
They are trying to target families that are buying their first home. Based on Global Brigades’ financial model, a family earning just $600 per month would be able to afford the low-income housing units (~40%) reserved on the development.
