The Promesa Story
In Spanish, “promesa” means “promise,” and Promesa Investments was founded to adhere to the highest of standards as the company executes on the most opportunistic investments in the commercial real estate market today. With backgrounds in finance, accounting and statistics, Promesa’s principals emphasize the use of quantitative methods in its everyday analysis of specific deals, in addition to overall risk and investment returns.
After a 15-year career working for institutional commercial real estate firms, primarily in a private equity Opportunity Fund setting, Victor R. Mendiola, Jr. founded Promesa Investments to capitalize on his institutional training and knowledge, and to pursue investment opportunities in a more entrepreneurial setting. His current goal? Identify the best risk-adjusted deals in the commercial real estate investment market, partner with people who are best-in-class in their respective fields and execute a property’s business plan while adhering to the highest of standards.
Given Victor’s extensive background in statistics and quantitative methods, he created Promesa to utilize the latest technology, methods and data to optimize the company’s capabilities from an underwriting and financial modeling perspective. However, Promesa doesn’t rely solely on its numbers-orientation to make decisions; rather, Promesa combines quantitative information with its local market expertise – “real world” knowledge gleaned from the acquisition and development of numerous properties – to identify the most promising investment opportunities for the company and its investment partners. It’s this unique combination of skills that allows the principals to make better-informed decisions in every transaction and also provide its investors with superior risk-adjusted returns. All the while, the company endeavors to uphold the highest of standards as it undertakes these efforts, and it’s this promise that distinguishes Promesa from its competitors.