In order to fund the construction financing of the Pagudpud Sands Resort, like any successful development we need some assistance from the financial community. We are very grateful for the relationships we enjoy with the following groups.
The Republic of the Philippines / Philippine Export-Import Credit Agency (“PhilEXIM”) is a government agency tasked to assist the developmental needs of the Philippines by facilitating international trade and investments. PhilEXIM, formally known as the Trade and Investment Development Corporation of the Philippines (TIDCORP) primarily evaluates (project by project) the business and industry wanting to come into the Philippines, and/or, wanting to further develop the Philippines, and will, if the merits of the Project in question warrants it; supply the developer’s project lender a “loan guarantee” to best expedite the forward motion of a worthy project.
We are pleased and grateful to announce that PhilEXIM has in fact approved the Pagudpud Sands Resort as a worthy project, and has agreed to provide our lender of choice a country backed “loan guarantee” to best insure the forward progress of this development.
The DBP: www.devbnkphl.com
In addition to our loan guarantee from PhilEXIM we are also privileged to enjoy a very strong relationship with the Development Bank of the Philippines.