BTR3: how CH3 turns construction costs into installments and redefines capex

Whether a real estate project is viable is no longer decided only on the job site, but by how intelligently and strategically its resources are allocated. The traditional financing model is often the biggest obstacle to corporate agility, leaving highly viable projects stuck in a web of institutional red tape. In high-end construction, the answer for cutting out the financial middleman has a name: BTR3 (Built to Rent).

What is CH3's BTR3?

BTR3 is CH3's exclusive financing model that lets companies pay for construction in installments over up to 60 months. It combines engineering and CH3's own capital in a single contract, cutting out bank red tape and making the investment easier for the client.

The essence of this solution, recently highlighted in an exclusive interview with the SiiLA portal, is autonomy. As Bruno Chohfi, a partner at CH3, puts it: "The client doesn't need to go to a bank to structure the financing. The engineering and the capital are in the same contract."

How does turning capex into opex work when a build is paid in installments?

The BTR3 model lets you strategically turn short-term capex into long-term opex. That flexibility preserves cash flow, so your high-end corporate project is up and running and generating revenue before it is paid off.

Instead of draining the company's capital with heavy, up-front capital expenditures (capex), the BTR3 structure lets the cost be absorbed predictably as an operating expense (opex). This keeps the company financially healthy and also brings significant tax benefits, such as the deduction under Lucro Real (actual-profit taxation).

How does BTR3 help reduce vacancy in commercial properties?

BTR3 tackles vacancy by letting owners modernize outdated assets without an immediate drain on their capital. With the cost of the build spread over up to 60 months, the property quickly becomes competitive enough to attract high-end tenants, and idle space turns into income-producing assets with technical and financial agility.

This model makes a critical difference in today's market. In the city of São Paulo, the vacancy rate for high-end office space, for example, reached 13.32% in the first quarter of 2026, according to official data from the Buildings CRE Tool. BTR3 tackles this bottleneck directly through:

• Making retrofits viable: modernizing older buildings to the "AAA" standard without straining cash flow.
• Accelerating the flight to quality: delivering modern infrastructure that meets new ESG and technology requirements.
• Self-financing: the owner uses the receivables from the new lease to pay the installments for the modernization.

What are the advantages of a Turnkey project with BTR3?

Combining the Turnkey model with BTR3 brings every stage of the project under a single contract.

CH3 delivers the high-end space ready to use, with speed, rigorous mitigation of engineering risk and complete financial predictability.

For companies looking for efficiency, the advantages of paying for a build in installments under this approach include:

• Credit autonomy: no more depending on slow, traditional bank approvals.
• Cost efficiency: highly competitive terms that keep the build moving smoothly and without interruption.
• Freedom from engineering risk: CH3 takes end-to-end responsibility, shielding the client from technical surprises and budget overruns.

The role of a modern construction company goes beyond the physical act of building. Building corporate spaces to a high standard means enabling companies to grow, strategically and in their people. When we remove financial friction through BTR3, we let leaders and teams focus on what really matters: innovation and growing their business in an inspiring environment.

Paired with smart financial thinking, engineering stops being a cost center and becomes the main driver of corporate progress.

Find out how financial intelligence is redefining the market by reading the full article about CH3 on the SiiLA portal.