The Contract-to-Sell Financing Facility for Real Estate Developers (CTS Program) is a credit assistance that provides liquidity to real estate developers through purchase of receivables from individual home buyers covered with Contract-to-Sell on residential housing projects.
Eligible Borrowers
Realty Corporation engaged in the sale and development of real properties.
Eligible Loan Purpose
To finance Developer’s working capital requirements for the construction and completion of housing/condominium units of end-buyer’s account covering Developer’s receivables
Eligible Projects
Residential projects with Total Contract Price (TCP) as follows:
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- Socialized Housing – P480,000.00 to P580,000.00
- Economic Housing – Above Php 580,000 to Php 1,700,000
- Medium-cost Housing – Above Php 1,700,000 to Php 4,000,000
- Open Market – Above Php 4,000,000 to Php 6,000,000
Loanable Amount
Up to 80% of the Total Contract Price (TCP) of the CTS outstanding balance
Type of Facility
Revolving Promissory Note Line (RPNL)
Loan Tenor
Up to 360 days
Interest Rate
Prevailing Market Rate
Collateral Security
Deed of Assignment of Receivable arising from Homebuyer’s CTS.
Documentary Requirements
- Standard Requirements
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- Letter of Intent
- DBP Application Form
- Income Tax Returns for the last three (3) years with accompanying Audited Financial Statement
- Latest interim financial statements (if applicable)
- Approved subdivision plan
- Certificate of Registration/License to Sell issued by HLURB
- DENR Environmental Compliance Certificate or Certificate of Non-Coverage
- Applicable Licenses and permits (DTI, SEC Registration, Development Permits, Mayor’s Permit)
- Specific Requirements for Corporations
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- Certified True Copy of Certificate of Registration (SEC)
- Certified True Copy of Articles of Incorporation and By-Laws
- Latest General Information Sheet (GIS) and/or additional documents to fully establish beneficial owners of the legal entity
- Board Resolution duly certified by the Corporate Secretary, or equivalent document (e.g. Secretary’s Certificate), authorizing the loan and the signatory to sign in behalf of the entity
- Specific Requirements for Cooperatives
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- Certified True Copy of Certificates of Registration (CDA)
- Certified True Copy of Articles of Cooperation and By-Laws
- List of shareholders/cooperative membership and their shareholdings and/or additional documents to fully establish beneficial owners of the legal entity
- Board Resolution duly certified by the Corporate Secretary, or equivalent document (e.g. Secretary’s Certificate), authorizing the loan and the signatory to sign in behalf of the entity
For loan application, you may contact the lending units near you:
Metro Manila Lending Groups
Corporate Banking Group
Tel. Nos.: (02) 8812-6536
E-mail: cbg@dbp.ph
Corporate Banking I Department
Tel. Nos.: (02) 8893-8940
E-mail: cbd1@dbp.ph
Corporate Banking II Department
Tel. Nos.: (02) 8892-8369
E-mail: cbd2@dbp.ph
Financial Institutions Department
Tel. Nos.: (02) 8818-9511 loc. 3317
E-mail: fid@dbp.ph
Public Sector Department
Tel. Nos.: (02) 8815-0908
E-mail: psd@dbp.ph
SME Retail and Mid-Market Lending Group
Tel. Nos.: (02) 8893-1177
E-mail: smermmlg@dbp.ph
Middle Market I Department
Tel. Nos.: (02) 8818-9511 loc. 3322
E-mail: mmd1@dbp.ph
Middle Market Il Department
Tel. Nos.: (02) 8818-9511 loc. 3313
E-mail: mmd2@dbp.ph
SME (NCR) Department
Tel. Nos.: (02) 8812-9932
E-mail: smed@dbp.ph
Provincial Lending Groups
Kindly proceed to this link.