Italpinas Development Corporation secures PHP 440 million DBP loan to bankroll Cagayan de Oro project" posted in BusinessMirror (Online Edition) on December 30, 2019. The article reported in part that: "Development Bank of the Philippines (DBP) has approved up to PHP 440 million in loans to boutique property developer Italpinas Development Corp. Italpinas said the new funding will support its new project located in Cagayan de Oro. The company said DBP is supporting Citta Bella at Primavera City, the name of its second phase development of the Primavera City complex. It is scheduled to start construction by the first quarter 2020. DBP also supported Citta Verde at Primavera City, the company's first phase development of the complex. Italpinas started construction of this project in September 2018, and will be ready for occupancy by June 2020. The loan documents were signed on December 12 at the DBP Head Office in Makati.