ISOC Holdings avails of P2-billion loan facility from BDO

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ISOC Holdings, Inc. has secured a P2-billion loan facility from BDO Unibank, Inc. for its property unit’s mixed use project in the Bay Area.

In a statement issued Thursday, Aug. 30, BDO said it opened the loan facility for the ISOC Land, Inc.’s development of the iLand Bay Plaza.

The 12-storey mixed used project located along Macapagal Boulevard in Pasay City marks the company’s foray into the property sector.

ISOC Holdings is chaired by businessman Michael C. Cosiquien, who is one of the founders of listed construction conglomerate Megawide Construction Corp. Mr. Cosiquien left his post as Megawide’s chairman last December to focus on his family business. — Arra B. Francia