A credit facility that provides liquidity to real estate developers through purchase of receivables from individual home buyers covered with Contract-to-Sell on accredited residential housing projects.
Requirements
Developer
SEC Registration, Article of Incorporation and By-Laws
Audited Financial Statements for the last three years
Latest General Information Sheet (GIS)
Company Profile
List of Completed and Ongoing Projects
Project
HULBR-approved Developments/Subdivision Plan
Development Permit
Certificate of Registration and License to sell
Environmental Compliance Certificate
Buyer
Notarized contract to sell
Owner’s copy of TCT/CCT
Tax Declaration and Tax Receipt/Clearance on Land and Improvement on the unit subject to the CTS purchase
Updated Buyer’s Payment Ledger
Buyer Information Sheet
Valid ID
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