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Mazzucco & Mello Consulting Services for Issuing CRIs via CVM Resolution 88

December 22, 2025

Mazzucco & Mello Advogados provided legal counsel for the structuring and implementation of the 189th issuance of Real Estate Receivables Certificates (CRI) issued by GCB Securitizadora II SA, totaling R$ 3 million, with a term of 60 months.

The operation was structured within the context of a public offering exempt from registration with the CVM (Brazilian Securities and Exchange Commission), pursuant to CVM Resolution No. 88, conducted through an electronic participatory investment platform, with registration and deposit of certificates in a Distributed Ledger Technology (DLT) environment, with Laqus Depositária de Valores Mobiliários SA.

The CRI (Real Estate Receivable Certificate) is backed by a Commercial Note, issued in two series by Bella Guararapes Pramorar Empreendimento Imobiliário SPE Ltda., intended to finance the development of the "Bella Guararapes" real estate project, located in Fortaleza/CE, with a surety guarantee provided by Pramorar Participações Ltda., in addition to the establishment of a fiduciary regime, under the terms of Law No. 14,430, of August 3, 2022.

Mazzucco & Mello Advogados provided comprehensive legal counsel for the transaction, including reviewing the securitization documents and commercial note, providing regulatory advice related to the offering, and issuing a Legal Opinion on the transaction.

If you have any questions about the topics covered in this publication, please contact any of the lawyers listed below or your usual Mazzucco&Mello contact.

Antonio Carlos Cantisani Mazzucco

+55 11 3090-9195

This communication, which we believe may be of interest to our customers and friends of the company, is intended for general information only. It is not a complete analysis of the matters presented and should not be considered legal advice. In some jurisdictions, this may be considered lawyer advertising. Please see the company's privacy notice for more details.

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