Playa del Carmen Nears Decision on Bank for Short-Term Loan
Playa del Carmen, Quintana Roo — The city of Playa del Carmen is close to deciding which financial institution will provide a short-term loan approved by the city council, according to Municipal Treasurer Guillermo Brahms.
Brahms said several major banks have submitted proposals, and the city is reviewing terms to choose the most favorable option. He expects a decision within the next two weeks.
The loan, authorized by the city council, can be for up to 154 million pesos, though Brahms indicated the city will likely request 150 million pesos. The debt must be repaid by June 2027.
Regarding a previous loan from Bancrea for 125 million pesos, Brahms confirmed the city is making payments and expects to fully repay it by October.
Brahms also said the first 8 million pesos in federal contributions under the Ramo 28 program have been received. These payments will continue monthly through December.
Laura Castillo covers tourism, business, and economic development across Cancún, Playa del Carmen, Tulum, and the wider Riviera Maya for Riviera Maya News & Events. She tracks the region's most important business stories — from hotel investments and airline route expansions to real estate market trends and local economic policy — helping English-speaking readers stay informed about the economic pulse of Mexico's Caribbean coast.Laura has been reporting on Quintana Roo's tourism sector since 2020, closely monitoring developments in Cancun's hotel zone, Tulum's rapidly growing commercial corridor, and the evolving business landscape in Playa del Carmen. Her coverage includes corporate investments, employment trends, infrastructure projects, and the economic impact of events like sargassum seasons and hurricane preparation.Before joining Riviera Maya News & Events, Laura worked in business development and market analysis in the Riviera Maya region, giving her first-hand insight into how tourism, real estate, and local commerce intersect. She is fluent in English and Spanish.For story tips: laura@rivieramayanews.mx
