We know one of the top execs of Pag ibig, when we manifested our desire 1 year ago to go into 4ph project. But we found out that it would take P300 m to finish a project before you ever get a take out So its going to be capital intensive for a developer and most likely he would go into a liquidity hiccup. No developmental loan.
However this one bypasses the loan portion because the govt takes an equity, albeit riskier bet on the developer. Probably this was done to save the 4ph project, a flagship project of PBBM to save the dwindling popularity of the President in the light of many challenges his administration is facing
Since we know the top guns fo the said govt institution we can probably explore the same possibility (follower) and or let PAG IBIG invest in our different ventures.
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