Habi announced on 21 April 2026 a USD 40 million credit line (COP 150 billion) from BBVA Spark for its Colombian operation. It matters because it comes on top of the USD 60 million BBVA Spark had already committed to Tuhabi in Mexico since August 2025, and because it takes the relationship with a single bank to USD 100 million across two countries.
The transaction
The instrument is a USD 40 million credit line denominated in Colombian pesos (COP 150 billion), granted by BBVA Spark, the group’s unit for high-growth companies. BBVA Spark had raised its financing to Tuhabi in Mexico to USD 60 million on 13 August 2025, so the bank’s total commitment to Habi reaches USD 100 million. Tenor, rate, collateral and covenants were not disclosed. Stated use of proceeds: expand its presence in Colombia, increase investment in residential assets and continue developing its technology.
Habi reports more than 66,000 transactions executed and more than 40,000 families served in Colombia. The Colombian operation reached profitability in the fourth quarter of 2024 and the company as a whole in November 2024. Transactions grew about 35% in 2024 and the company projects growth above 50% in 2026 on the combined volume with Pulppo, acquired in early 2026.
Value drivers
Inventory as collateral. Habi buys pre-owned homes, renovates and resells them; the asset backing the line is residential inventory with measurable turnover. In our reading, this is what allows a commercial bank, and not only private credit or multilaterals, to fund the operation.
Prior profitability. The credit arrives after profitability in Colombia (fourth quarter of 2024) and globally (November 2024). That is the sequence a bank credit committee expects before scaling a commitment.
A relationship across two jurisdictions. The same bank moving from USD 60 million in Mexico to USD 100 million across two countries lowers the cost of originating new debt; in our reading, the Colombian line was negotiated with the performance of the Mexican line as the reference.
Local currency. Denominating in Colombian pesos matches the liability to the asset, which is bought and sold in that currency, and removes the exchange-rate risk a dollar line would carry.
Funder diversification. Habi already had debt from IDB Invest, IFC and Victory Park. Adding a commercial bank in Colombia diversifies the base and provides a pricing reference distinct from the multilaterals.
What the market is signalling
For Mexico, the direct signal is that BBVA Spark has made Tuhabi its reference proptech funded with bank debt, and that the relationship scales when the operation is profitable. Comparables in pre-owned home trading, rent-to-own and residential inventory can expect commercial banks to evaluate inventory-backed lines, provided there is a track record of turnover and profitability.
For lenders, the deal sets a size reference, between USD 40 million and USD 60 million per country, for platforms with their own balance sheet. For founders, it indicates that the path to bank debt runs through demonstrated profitability and an initial line with a specialised funder that serves as precedent.
G2’s reading for a mandate
A debt mandate for a proptech with its own inventory in Mexico is prepared with the asset tape as the product: days of inventory, margin per unit, resale losses and geographic concentration. In our reading, the first line is structured with a specialised funder or a multilateral and the second with a commercial bank, using the track record of the first; the currency of the line must match that of the asset.
Sources
- LatamList, 21 April 2026: Habi secures $40M credit line from BBVA Spark
- Forbes Colombia, 21 April 2026: Habi consigue US$40 millones en deuda
- CB Insights: Habi: financials
- BBVA, 13 August 2025: Tuhabi continúa creciendo y BBVA Spark eleva su financiamiento a 60 millones de dólares