Contract-to-Sell Financing Facility for Real Estate Developers (CTS Program)

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:

• • Socialized Housing – P450,000.00 to P580,000.00
  • Low-cost 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

Credit Line

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

1. Standard Requirements

1. 1. Letter of Intent
   2. DBP Application Form
   3. Income Tax Returns for the last three (3) years with accompanying Audited Financial Statement
   4. Latest interim financial statements (if applicable)
   5. Approved subdivision plan
   6. Certificate of Registration/License to Sell issued by HLURB
   7. DENR Environmental Compliance Certificate or Certificate of Non-Coverage
   8. Applicable Licenses and permits (DTI, SEC Registration, Development Permits, Mayor’s Permit)

2. Specific Requirements for Corporations

1. 1. Certified True Copy of Certificate of Registration (SEC)
   2. Certified True Copy of Articles of Incorporation and By-Laws
   3. Latest General Information Sheet (GIS) and/or additional documents to fully establish beneficial owners of the legal entity
   4. 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

3. Specific Requirements for Cooperatives

1. 1. Certified True Copy of Certificates of Registration (CDA)
   2. Certified True Copy of Articles of Cooperation and By-Laws
   3. List of shareholders/cooperative membership and their shareholdings and/or additional documents to fully establish beneficial owners of the legal entity
   4. 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

Download Brochure

For inquiries, feel free to contact the following numbers:

Erdie Leah Banzali
Program Development and Management II
(02) 818-9511 local 2349
elmbanzali@dbp.ph