BIZ BUZZ: Asialink ventures into real estate lending
Asialink Finance Corp., a lender to small and medium enterprises (SMEs), is expanding its offerings.
This time, the company is diversifying into real estate lending, which will be offered in three forms.
The first one is called “sangla titulo,” which can allow a business entity to borrow up to P20 million and offer a property as collateral.
The second offering is for taking out housing units. Under this product, Asialink advances the full payment for the property on behalf of the borrower at an interest rate same with sanlang titulo.
The last product is for acquisition of property. Asialink can lend up to P15 million for the purchase of a property.
“Our sustained and astronomical growth in the past few years has attracted the flow of foreign funds as well as local financing that now allow us to go into new opportunities such as real estate”, said Sam Cariño, company president and CEO.
