Architects, lawyers, accountants and other professionals who work with the development market but need to understand its financial and structural dimensions more deeply.
Architects design the buildings. Lawyers draft the contracts. Accountants manage the numbers. But each of these professionals often encounters financial structures, trust mechanisms and funding models that fall outside their core training. The fideicomiso, the crowdlending arrangement, the phased funding structure — these appear in projects constantly, and understanding them changes how you can serve your clients.
The professional track covers the same topics as the general programs but at greater depth. It assumes you are comfortable reading technical documents and have some familiarity with the development sector, even if not with the financial side specifically.
This content is still educational only. We do not provide professional advice of any kind, and nothing here should be treated as a substitute for qualified legal, financial or accounting advice in your specific context.
Four content areas designed for professionals who need more than the introductory explanation.
A deeper look at the fideicomiso inmobiliario from a structural perspective. Covers the legal basis under Argentine civil and commercial law, the obligations of each party, common variations in trust design, and what happens in scenarios where the trust structure is tested by project difficulties.
How money moves through a development project structured as a fideicomiso. Covers capital calls, payment milestones, how costs are tracked against the trust, and how financial reporting in these structures typically works. Relevant for professionals who review or prepare accounts for development entities.
How phased development structures affect project design, scope decisions and timeline management. Architects and engineers often work across multiple phases and need to understand how funding availability, preventa commitments and trust milestones interact with design and construction decisions.
A detailed look at the documentation ecosystem around crowdlending arrangements. Covers what a typical loan package contains, how security arrangements are documented, what due diligence materials are prepared for lenders, and how the relationship between the trust and the loan is structured.
Expand each section to see what is covered in detail.
Development financing in Argentina operates within a regulatory framework that includes the Civil and Commercial Code, the Capital Markets Law, CNV regulations, and BCRA guidelines where applicable. Understanding which regulatory body governs which aspect of a transaction is important for professionals advising on or participating in these structures.
This section covers the main regulatory bodies, their respective areas of jurisdiction over development financing, and how the regulatory framework has evolved in recent years. It does not constitute legal advice and should not be treated as such.
A development project offered to outside participants — whether as preventa buyers, crowdlenders or other parties — typically prepares a package of due diligence materials. These vary by project and by the type of participation being offered, but commonly include the trust deed, the project prospectus, financial projections, permits and approvals, and legal opinions.
This section explains what each document type typically contains, what its purpose is, and what a professional reviewer would look for in each. It is a guide to reading these materials, not an evaluation of any specific project.
When a project is divided into phases, each phase typically has its own funding structure, its own timeline, and its own set of contractual commitments. Participants in early phases have a different relationship to the project than those who enter later. The trust may be structured differently across phases, or a single trust may govern multiple phases with different sub-accounts.
Understanding how phase boundaries work, how costs and revenues are allocated across phases, and how delays in one phase affect others is relevant for any professional working on or advising in relation to a phased project.
Development project documentation in Argentina varies considerably in quality and completeness. This section describes common patterns of ambiguity or incompleteness that appear in trust deeds, preventa contracts and crowdlending documentation. The purpose is educational: to help professionals recognize what questions to ask and what to look for, not to evaluate any specific document.
This content is informational only and does not constitute legal advice. Professionals reviewing specific documents should rely on their own professional judgment and, where appropriate, seek specialist legal input.
Professional disclaimer: Content in the professional track is educational only. It does not constitute legal, financial, accounting or any other professional advice. Professionals should rely on their own expertise and judgment, and seek specialist input where appropriate for their specific context.