CTS Receivables Financing with Recourse 2017-11-02T13:59:53+00:00

CTS Receivables
Financing with Recourse

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.

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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

ASSETS FOR SALE