Yuchengco-led Rizal Commercial Banking Corp. (RCBC) and 5R Prime Properties, an affiliate of the Lugtu-led Asialink Group of Companies, have entered into a partnership aimed at enhancing financial accessibility and real estate investment opportunities.
Under the accord, RCBC will grant housing loans to purchasers of properties at 5R Prime Properties, as well as process loan applications and facilitate the release of loan proceeds.
“This partnership marks a significant step in our commitment to providing financial solutions that empower individuals and families to achieve their dream of homeownership. Collaborating with 5R Prime Properties is more than just business – it’s about building communities, creating opportunities and driving progress,” RCBC President and CEO Eugene Acevedo said.
RCBC Consumer Lending Group head Ramil De Villa added that the collaboration benefits end-users and developers.
“With 5R Prime Properties’ target market aligning to 80 percent of our priority audience, we are excited to nurture this collaboration for the benefit of end-users and developers,” De Villa said.
He added that RCBC is now ranked fourth largest bank in terms of the auto and housing loans business.
5R Prime Properties chief executive Alvin V. Alquinto, co-signatory to the MOA, said it was a big leap for the real estate developer. “More than half of our clients already prefer RCBC for providing the best customer experience. We look forward to RCBC being with us every step of the way,” Alquinto added.
