Italpinas Development Corp. (IDC) has secured a PHP 420 million term loan from the Land Bank of the Philippines (LBP) for the financing of its mixed- use project in Sto. Tomas, Batangas. IDC said the loan from LANDBANK will finance the first of two phases of Miramonti Green Residences, which will include a tower offering 352 residential units, 20 commercial spaces, and 88 parking slots. The tower will stand on a commercial lot covering 2,057 square meters (sq.m.). IDC disclosed in an earlier statement in October 2017 that the first tower will cost PHP 780 million, and is targeted to bring PHP 1.4 billion in revenues.