Philippines Property Search Seamlessly Integrates Financing

MANILA, Philippines — Global Dominion, a prominent non-bank financing company in the Philippines, and Lamudi Philippines, a leading online property marketplace, have joined forces to create a seamless experience for property seekers, integrating property discovery with financing solutions. This strategic partnership aims to bridge the historical gap between finding a property and securing the necessary financing, making the journey towards home ownership more accessible for Filipinos. While urbanization, Overseas Filipino Worker (OFW) investments, and a growing middle class continue to fuel demand for residential real estate, access to financing remains a significant hurdle for many potential buyers. Lamudi Philippines, which connects buyers with developers, brokers, and individual sellers, will now offer direct access to Global Dominion's financing team through its platform. This integration significantly compresses the timeline between identifying a property and securing funding. Global Dominion, known for its loan and financing products for vehicles and real estate, specializes in serving individuals and businesses that may not fit traditional lending models, including entrepreneurs and first-time buyers with unconventional income sources. The company's vision is to simplify financing and offers a full suite of options for purchase, refinancing, and mortgage needs. Samuel Cariño, President and CEO of Global Dominion, highlighted the critical need for this collaboration. "We have seen Filipino property seekers find their dream home or their next business investment on platforms like Lamudi. We have also seen them lose the property, not because they could not afford it, but because the financing was not there when they needed it. This partnership changes that," Cariño stated. He emphasized Global Dominion's nationwide branch network, competitive rates, and commitment to borrowers often overlooked by traditional lenders. Beyond new purchases, existing property owners will also be able to explore mortgage loan opportunities, including "sangla titulo" (property collateral loans), directly through Lamudi's platform powered by Global Dominion. The Philippines faces a housing backlog estimated at over six million units, a deficit attributed not only to supply constraints but also to limitations in financing access. By combining Lamudi's property discovery capabilities with Global Dominion's financing expertise, the partnership aims to complete the property ownership journey for Filipinos across the entire country, addressing a critical need in the real estate market. Information Source: Philstar Business