Sta. Lucia Land, Inc. Approves Resolution to Obtain A Credit Line Facility and A Short-Term Loan Facility
December 08, 2021 at 11:32 pm EST
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Sta. Lucia Land, Inc. announced resolutions authorizing the Corporation to obtain a credit line facility in the aggregate principal amount of up to Two Hundred Million Pesos (PhP200,000,000.00) from Unicapital Inc. and/or Unicapital Finance and Investments Inc.; Resolutions authorizing the Corporation to obtain a short-term loan facility in the aggregate principal amount of up to Three Hundred Million Pesos (PhP300,000,000.00) from several creditors through Unicapital Inc. and/or Unicapital Finance and Investments Inc.; Resolutions authorizing the Corporation to obtain a loan and/or other credit accommodations and facilities from Union Bank of the Philippines in the principal aggregate amount of up to Five Hundred Twenty Five Million Pesos.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.
STA. LUCIA LAND, INC. 
