Lock in the peso cost of your home — today.
Open your own trust at a regulated Mexican bank, in your personal name or through your LLC. It converts the peso portion of your construction payments now and keeps those pesos invested in Mexican federal government securities until each payment is due.
Your currency risk starts the day you sign the construction agreement.
of your home's cost is payable in Mexican pesos under your builder's payment schedule. That currency exposure begins the day you sign — not the day you pay.
… was the approximate increase in the dollar cost of an 18 million peso commitment (about USD 1 million) during 2025, as the dollar lost 13.4% of its value against the peso.
Volatility runs in both directions: between September 5 and October 22, 2026, the exchange rate moved about 10%, a variation of roughly USD 98,000 on the same commitment.
… but with the Peso Lock Trust:
Certainty
Your peso cost is fixed when your dollars are converted, at institutional exchange rates. Market fluctuations after that no longer change what your home costs you.
Yield while you wait
Pesos awaiting payment are held in Mexican government securities, which currently pay more than comparable U.S. short-term rates.
Nothing to set up
No Mexican company, residence or tax ID needed on your side. We coordinate the setup of your trust at a regulated Mexican bank; you complete only the bank's standard identity checks.
Structured by CRESTA Structuring, S.A. de C.V.
Your own trust, one regulated bank, six simple steps.
- 1
You engage CRESTA Structuring
You sign a structuring services agreement with CRESTA Structuring, which designs your trust and coordinates its setup with the trustee bank.
- 2
Your trust is created and funded
A trust is formed in your name (personally or through your LLC) at the trustee bank, with both a USD and a MXN account. You then wire dollars straight to it — never to the builder, and never to the structurer.
- 3
Your peso cost is locked at an institutional rate
Within three business days of each deposit, your dollars are converted at the institutional exchange rates available to us through our clients' combined volume, executed at the best of three competing quotes. From that moment, the peso amount is fixed.
- 4
Your pesos earn while they wait
Funds not yet due to the builder are invested by the trustee bank in Mexican federal government securities (CETES), with maturities matched to your payment schedule as set in your trust agreement.
- 5
The trust pays your builder
As construction milestones come due, the bank pays the builder in pesos upon written instructions signed by you and coordinated by CRESTA Structuring. Nothing moves without your signature.
- 6
Monthly statements, clean close
You receive monthly statements. When your home is complete, any remaining balance and earnings are returned to you.
Certainty, paid for by the yield.
CETES: Banxico primary auction settled Oct 1, 2026. U.S.: Treasury bill yields, October 2026. Rates are gross annual yields and change weekly.
See your locked peso cost
Equal quarterly payments to your builder; the pesos for each payment stay invested in CETES until that payment is due.
Peso portion of your construction payments.
Eight equal quarterly payments.
Illustrative only, before taxes in your country of residence. Interest from both CETES and U.S. Treasury bills is generally taxable for U.S. persons. The balance declines as construction payments are made; rates reset at each auction; the exchange rate shown is an assumption, not a quote. Assumes current auction rates at each maturity (28, 91, 182 and 364 days) and reinvestment at the same rates. Calculated for equal quarterly payments; your trust agreement governs.
Illustration: USD 1,000,000, 24-month build, eight equal quarterly payments
| Dollars contributed | USD 1,000,000 |
| Peso amount locked at an assumed 18.50 MXN/USD | MXN 18,500,000 |
| Gross yield on the declining balance (CETES matched to each payment date) | MXN 1,536,194 |
| Fees over 24 months (0.50% opening + 2 × 0.50% annual, VAT included = USD 15,000) | − MXN 277,500 |
| Net result after all fees (approximate) | MXN 1,258,694 (USD 68,038) |
Your peso cost is fixed from day one, and the trust returns more than keeping dollars would. For comparison, keeping the same declining balance in dollars in U.S. Treasury bills matched to each payment date would earn about USD 50,081 before any currency movement. The trust comes out roughly USD 17,956 (1.80% of the commitment) ahead, with full certainty included.
Illustrative only, before taxes in your country of residence. Interest from both CETES and U.S. Treasury bills is generally taxable for U.S. persons. The balance declines as construction payments are made; rates reset at each auction; the exchange rate shown is an assumption, not a quote. Assumes current auction rates at each maturity (28, 91, 182 and 364 days) and reinvestment at the same rates. Calculated for equal quarterly payments; your trust agreement governs.
- Account opening
- 0.50% of the amount you contribute, one time only.
- Annual fee
- 0.50% of the amount you contribute, charged in advance for each year or part-year the trust remains open.
All fees include VAT. Trustee bank fees are included. FX conversion is executed at the best of three competing quotes.
Most valuable when the peso portion is large and the build runs 12–24 months — the typical profile of a custom luxury home in Los Cabos.
What clients ask, and what to know.
You are not choosing where to invest your wealth. This portion must be paid in pesos either way; the only question is when the rate is set — today, or at each future payment date. And because these pesos are spent in Mexico, never converted back, there is no return-trip conversion cost, and the peso yield works in your favor.
Holding and investing pesos in Mexico yourself typically means obtaining a Mexican tax ID and onboarding with a Mexican bank — weeks of paperwork for a need that lasts only as long as your build. We coordinate your trust setup with the bank and handle the process end to end.
The trustee bank holds it in a trust created in your name. Payments to the builder are made only under your written instructions. You will receive the bank's statements every month.
- A conversion, not insurance.
- Once converted, you no longer benefit if the peso later weakens. This is not an insurance product or a derivative.
- No guaranteed returns.
- CETES rates reset at each auction; the figures shown are current rates, not promises.
- If plans change,
- unused pesos are returned to you; converting them back to dollars happens at that day's rate.
- Taxes.
- For clients who are not Mexican tax residents, interest on Mexican federal government securities is generally exempt from Mexican withholding tax, subject to the trustee bank's residency documentation. Mexican tax residents are subject to withholding. Interest and currency gains may be taxable in your country of residence, and U.S. persons may have additional reporting obligations for foreign trusts and accounts. Please consult your tax advisor.
- Investment terms.
- Securities maturities are matched to your payment schedule. If a payment date changes and a security must be sold before maturity, its price may differ from its purchase price.
- No investment advice.
- CRESTA Structuring does not provide investment advice, select securities or manage your funds. The investment terms are set in your trust agreement and applied by the trustee bank.
Three steps to a fixed peso cost.
Intro call
We review your payment schedule and the peso amount to lock.
Engage CRESTA
Sign the structuring services agreement with CRESTA Structuring.
Form and fund
Complete the bank's identity and source-of-funds checks, sign your trust agreement, then wire funds to your trust account.
San José del Cabo, Los Cabos, B.C.S., Mexico