Philbart Realty

We are thrilled to announce that Philbart Realty, represented by our head broker and owner, Cherrey Mae Bartolata, has recently been granted a 𝙿𝚛𝚘𝚟𝚒𝚜𝚒𝚘𝚗𝚕 𝙲𝚎𝚛𝚝𝚒𝚏𝚒𝚌𝚊𝚝𝚎 𝚘𝚏 𝚁𝚎𝚐𝚒𝚜𝚝𝚛𝚊𝚝𝚒𝚘𝚗 by the Anti-Money Laundering Council (AMLC) as a designated non-financial business and profession (DNFBP) under Republic Act No. 9160 or the Anti-Money Laundering Act of 2001 (AMLA).

This is more than just a certificate for us; it is a testament to our steadfast commitment to legal and operational compliance. As the real estate landscape continues to evolve, it becomes even more essential for businesses to adhere to the highest standards of conduct and practice.

We, however, want to clarify that there are additional requirements still in progress. The anticipation for our final Certificate of Registration underscores our unwavering dedication to full compliance and aligning with AMLC standards.

Compliance with the AMLC entails stringent measures to prevent money laundering and terrorist financing activities. As a designated non-financial business and profession, Philbart Realty holds the responsibility to:

1. 𝓟𝓮𝓻𝓯𝓸𝓻𝓶 𝓓𝓾𝓮 𝓓𝓲𝓵𝓲𝓰𝓮𝓷𝓬𝓮
Thoroughly assess the identity of clients, beneficiaries, and counterparties involved in transactions.

2. 𝓡𝓮𝓹𝓸𝓻𝓽 𝓢𝓾𝓼𝓹𝓲𝓬𝓲𝓸𝓾𝓼 𝓣𝓻𝓪𝓼𝓪𝓬𝓽𝓲𝓸𝓷𝓼
Identify and report any transactions that raise suspicion of money laundering or related activities.

3. 𝓘𝓶𝓹𝓵𝓮𝓶𝓮𝓷𝓽 𝓐𝓜𝓛 𝓟𝓸𝓵𝓲𝓬𝓲𝓮𝓼
Develop and implement robust anti-money laundering policies and procedures tailored to the real estate sector.

4. 𝓒𝓸𝓷𝓭𝓾𝓬𝓽 𝓣𝓻𝓪𝓲𝓷𝓲𝓷𝓰
Regularly educate employees about AML regulations and best practices to ensure everyone is aware of their responsibilities.

As we eagerly await the final Certificate of Registration, our commitment to legal and operational compliance remains steadfast, reinforcing our promise of integrity, commitment, and accountability to our valued clients and partners.

The general rule banks also use to gauge the affordability of mortgage loans is to ensure that the purchasing expenses do not surpass 1/3 of the borrower's gross income. This guideline serves as a reliable indicator to help borrowers determine a manageable financial commitment when considering a mortgage.

For housing/condo loan processing and assistance, contact us or any PhilBart Realty agents today!

Banks have increased their involvement in the real estate sector during the first quarter of 2023. Exposure to real estate has risen by 211% compared to the previous quarter.

Banks are now providing more loans and financing options for people who want to buy or invest in real estate. This suggests that banks are becoming more confident in the real estate market and are willing to take on more risks by lending money to borrowers.

This could be good news for individuals who are looking to purchase a home or invest in property, as it indicates that there may be more financing options available.

PhilBart Realty has partnered with real estate developers and top accredited banks to offer you seamless and hassle-free loan financing processing.

✅ Let’s choose your property among our list.
✅ Get verified for financing with our accredited banks.

Take the first step towards your real estate goals today!

Contact us to learn more.

📩 [email protected]
☎️ +63-9173537061












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Source:

Banks’ real estate exposure rises to 21.1 percent in Q1 The exposure of Philippine banks and trust entities to the volatile property segment inched up to 21.1 percent in March from 21 percent in December last year, as the industry’s loans and exposures to the real estate sector declined.

Today was a truly memorable day for our team at PhilBart Realty. Our managing/head broker, Ms. Cherrey Mae Bartolata, had the privilege of assisting one of our valued clients in securing financing for their condo investment with the national developer Filinvest.

Our dedicated team in PhilBart Realty worked closely with accredited banks affiliated with Filinvest to explore exclusive financing solutions tailored specifically to condo investments. This allowed us to create a customized financial plan that perfectly matched our client's needs.

As the real estate firm overseeing this significant transaction, we put our heart and soul into ensuring a smooth and stress-free process. From meticulously gathering the necessary documentation to maintaining open lines of communication with all parties involved, our goal was to provide unwavering support to our clients throughout their journey.

Whether you're a seasoned investor or a first-time buyer, our team at PhilBart Realty is here to guide you through the world of real estate financing. We understand that it can feel overwhelming at times, but rest assured, we are committed to simplifying the process and empowering you to make well-informed decisions.

We invite you to reach out to us today and start an exciting journey to turn your real estate dreams into reality.

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