PH1 World Developers (PH1WD), the property development arm of listed engineering and infrastructure conglomerate Megawide Construction Corp. (Megawide), has secured a P500-million loan from Bank of the Philippine Islands (BPI) to fund the development of a residential project in Bulacan.
PH1 World Developers , the property development arm of listed engineering and infrastructure conglomerate Megawide Construction Corp. , has secured a P500-million loan from Bank of the Philippine Islands to fund the development of a residential project in Bulacan.The loan deal was signed last July 16 and the funds will be used to develop the 4.6-hectare, 337-unit Northscapes residential project in San Jose del Monte, Bulacan.
Eric Gregor Tan, general manager for horizontal developments at PH1WD, added that 'our commitment to buyers is to build homes with superior quality and offer an excellent community experience.'Luis Cruz, head of BPI's commercial banking relationship management group, said 'financing for Northscapes aligns with BPI's vision to build a better Philippines — one family, one community at a time.
Unit Inks P500-M Loan With BPI
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