Boutique financial advisory for corporations, real estate developments, and decisions that define the future of your business.
We advise corporations and developers in Panama and the region on mergers and acquisitions, debt and equity structuring, and real estate projects — with the same rigor and meticulous attention to detail that distinguishes us as developers.
Schedule a conversationInvolvement
Banking Track Record
& Advisors
PAAR Capital is the financial advisory division of PAAR. Born from years of investment banking experience and the craft of developing projects under our own name.
We take on a selective number of mandates at a time. Every client benefits from direct partner dedication, strict confidentiality, and rigorous financial methodologies aligned with international standards — the same boutique excellence we apply to our residences, tailored to your business.
Services Portfolio
Mergers and Acquisitions
Exclusive buy-side and sell-side advisory: valuation, counterparty search, negotiation, and transaction closing.
Structuring and Financing
Equity raising, bank financing, and mezzanine debt. We design optimal structures to fund growth, acquisitions, or major projects.
Real Estate Project Structuring
Vehicle and corporate design: shareholder agreements, joint ventures, trust structures, and governance frameworks for developments.
Development Financing
Construction interim loans, land acquisition facilities, and sponsor equity. We prepare banking packages and lead negotiations with financial institutions.
Feasibility and Financial Modeling
Comprehensive feasibility analysis, dynamic development models, cost and price sensitivities, and pre-sales strategies to make confident investment decisions.
Valuations and Strategic Planning
Independent business and asset valuations, plus financial and strategic plans aimed at maximizing long-term shareholder value.
What we do in our projects, we also deliver for yours.
We place our development infrastructure at the service of landowners, investors, and developers seeking institutional-grade execution — from concept to final delivery.
We can participate as advisors, development managers, or strategic co-investors, tailored to your project's needs.
- Comprehensive Development ManagementWe lead the development from start to finish: concept, architecture, permits, construction, sales management, and delivery.
- Owner and Investor RepresentationWe are your eyes on the ground: supervising design teams, general contractors, and developers to safeguard your capital and interests.
- Commercial Direction and Pre-Sales StrategyProduct definition, pricing matrices, marketing collateral, and broker network coordination to achieve financial breakeven.
- Cost, Schedule, and Contractor OversightBudgeting, competitive bidding, contract administration, and rigorous tracking of project progress and expenditures.
- Project Optimization and TurnaroundValue engineering to budget, debt restructuring, and operational revival of stalled or distressed developments.
%20--%3e%3cdefs%3e%3cstyle%3e%20.st0%20{%20fill:%20%23fff;%20}%20.st1%20{%20fill:%20%23bccec7;%20}%20%3c/style%3e%3c/defs%3e%3cg%3e%3cpath%20class='st1'%20d='M542.7,315.6c17.6,2.8,34.8,10,49.7,22.1,44.8,36.4,51.6,102.3,15.2,147.1-24.8,30.5-63.2,43.3-99.3,37-.2,1.5-.5,2.9-.7,4.3,45.9,16.7,99,1.6,128.5-40.2,35.3-50.1,23.4-119.3-26.7-154.6-20.1-14.2-43.2-20.6-66-20.2-.2,1.4-.5,2.9-.7,4.4'/%3e%3crect%20class='st0'%20x='451.5'%20y='311.2'%20width='29'%20height='349.1'/%3e%3c/g%3e%3cg%3e%3cpath%20class='st0'%20d='M339.5,722.2c-1.7-2.3-3.8-4-6.4-5.2-2.5-1.2-5.1-1.7-7.9-1.7s-6.1.6-8.7,1.9c-2.7,1.3-4.9,3-6.9,5.2-1.9,2.2-3.4,4.7-4.5,7.6-1.1,2.9-1.6,5.9-1.6,9s.5,6.4,1.6,9.3c1.1,2.9,2.6,5.4,4.5,7.5,1.9,2.1,4.2,3.8,6.8,5,2.7,1.2,5.6,1.8,8.8,1.8s6.6-.7,9.3-2c2.7-1.4,5.1-3.3,7.2-5.9l5.1,4.3c-2.6,3.4-5.7,5.9-9.3,7.6-3.6,1.6-7.7,2.4-12.3,2.4s-7.9-.8-11.4-2.3-6.6-3.6-9.2-6.2c-2.6-2.7-4.6-5.8-6.1-9.4-1.5-3.6-2.2-7.6-2.2-12s.7-8.1,2.1-11.7,3.4-6.8,6-9.5c2.6-2.7,5.6-4.8,9.2-6.4,3.5-1.6,7.4-2.3,11.7-2.3s7.6.7,11.1,2.1c3.6,1.4,6.6,3.7,9,6.8l-5.9,4.3Z'/%3e%3cpath%20class='st0'%20d='M403.7,710.5h6.4l24.2,56.9h-7.9l-5.8-14h-28.5l-5.9,14h-7.6l25.1-56.9ZM406.8,719.2h-.2l-11.8,28h23.2l-11.3-28Z'/%3e%3cpath%20class='st0'%20d='M470.9,710.5h16.9c2.6,0,5.1.3,7.5.8,2.4.5,4.5,1.4,6.4,2.6,1.8,1.2,3.3,2.8,4.4,4.8s1.6,4.5,1.6,7.4-.6,5.7-1.8,7.7c-1.2,2-2.7,3.6-4.5,4.8-1.8,1.2-3.9,2-6.1,2.5-2.2.5-4.3.7-6.3.7h-11.4v25.6h-6.8v-56.9ZM477.6,735.6h11.4c3.4,0,6.1-.8,8.2-2.3,2.1-1.5,3.2-3.9,3.2-7.1s-1.1-5.6-3.2-7.1c-2.1-1.5-4.9-2.3-8.2-2.3h-11.4v18.8Z'/%3e%3cpath%20class='st0'%20d='M547.6,710.5h6.8v56.9h-6.8v-56.9Z'/%3e%3cpath%20class='st0'%20d='M635.7,716.7h-18.8v50.6h-6.8v-50.6h-18.8v-6.3h44.4v6.3Z'/%3e%3cpath%20class='st0'%20d='M683.7,710.5h6.4l24.2,56.9h-7.9l-5.8-14h-28.5l-5.9,14h-7.6l25.1-56.9ZM686.8,719.2h-.2l-11.8,28h23.2l-11.3-28Z'/%3e%3cpath%20class='st0'%20d='M750.9,710.5h6.8v50.6h26v6.3h-32.8v-56.9Z'/%3e%3c/g%3e%3c/svg%3e)
Advisors who are also entrepreneurs.
We do not just model businesses: we build them. As developers of Luna, Alamar, and Portavita, we understand firsthand what it takes to raise capital, negotiate with lenders, and see projects through to delivery.
This dual perspective — investment banking and hands-on development — enables us to advise with an owner's mindset, not as detached intermediaries.
Our Team
Mario Pérez
He began his career at Grupo Valor, advising middle-market companies and regional corporations on M&A transactions, financial structuring, strategy, and corporate advisory.
Later, he strengthened his real estate trajectory by participating in developments such as Marea, Marea II, Aria, Solana, and Arcadia at GVD. Currently, as Co-CEO of PAAR, he leads commercial, operational, financial, and execution divisions, while also leading and co-developing projects such as Luna, Alamar, Portavita, Capela, and Lumina.
His approach blends financial discipline, long-term vision, and execution excellence, with particular emphasis on low-density residential developments, timeless architecture, and sustainable value creation. Additionally, he actively participates in organizations such as Panama Green Building Council and Convivienda.
Enrique Sosa
He began his professional career at Petróleos Delta, where he spent three years, and later joined Grupo Valor for five years as a financial advisor, participating in M&A mandates, valuations, financial modeling, and strategic plans for regional companies, as well as the structuring and financing of real estate developments.
At PAAR, he is part of the corporate financial advisory and real estate financial structuring team. In addition, he serves as Project Manager of PH Capela within the developer's real estate development division.
He holds a Bachelor's degree in Economics from the University of Miami and an MBA with a specialization in Finance from Chapman University.
How We Work
Design
- In-depth understanding of the current business model
- 5–10 year financial projections and scenario planning
- Identification of internal and external strategic initiatives
- Optimal transaction or execution structure
Implementation
- Execution of transaction initiatives and processes
- Negotiation and closing alongside your legal counsel
- KPI and financial performance monitoring
- Ongoing accompaniment through closing and milestone delivery
Let's discuss your business, in strict confidentiality.
Briefly outline your situation and one of our partners will reach out directly to schedule a private meeting.
