With the soon to be finalized purchase of R$100 million ($51 million) worth of mortgages from Caixa Economica Federal, Brazil's secondary mortgage company Cibrasec is inching closer towards its first sizeable securitization.

"We hope to reach R$140 million in assets by the end of the year," said Luiz Pinto Lima, executive vice president at Cibrasec. "Then, we'll have enough size to sit at the table with prospective investors."

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