Commercial Mortgage

The product is designed to part-finance the outright acquisition or construction of landed properties for commercial purposes e.g. school extensions, annex, boarding house, etc.  landed properties for commercial purposes e.g. School extensions, annex, boarding house, etc.

Target Market

  • Private Schools (Primary, Secondary and A levels Institutes)
  • Reputable professional firms such as accounting, medicine, audit, law, consulting and other specialized disciplines. Established small & medium scale enterprises with stable and verifiable cash flow

Benefits

  • Flexible repayment plan
  • Competitive pricing
  • Buy-over of existing liabilities of other Banks is available

Features

  • Maximum obligor limit of N100m subject to location
  • Minimum equity contribution of 30% of property cost (open market value)
  • Maximum tenure of 5 years
  • Repayment not more than 40% of net cash flow

                                                                

 

 

The product is designed to part-finance the outright acquisition or construction of landed properties for commercial purposes e.g. school extensions, annex, boarding house, etc.

Target Market:

  • Private Schools (Primary, Secondary and A levels Institutes).
  • Reputable professional firms such as accounting, medicine, audit, law, consulting and other specialized disciplines. Established small & medium scale enterprises with stable and verifiable cash flow.

Benefits:

  • Flexible repayment plan
  • Competitive pricing
  • Buy-over of existing liabilities of other Banks is available

Features:

  • Maximum obligor limit of N100m subject to location.
  • Minimum equity contribution of 30% of property cost (open market value).
  • Maximum tenure of 5 years.
  • Repayment not more than 40% of net cash flow.