Mortgage Bank Partner Developers On 500 Housing Units

Resort Savings and Loans Plc, a leading mortgage bank is collaborating with estate developer to build 500 housing units before the end of the second quarter of 2016

The alliance according to the bank would enable it provide mortgage finance to off takers interested in the housing estate which are for the middle class.

With this move, the bank noted for its huge investment in real estate developments in Ofada, Ogun State, Karu Area Council, Abuja, Lekki, Lagos State and a host of other places in Nigeria would increase the number of beneficiaries for its facilities.

The Head of Business Development, Mr. Yemi Popoola in a statement made available to Leadershipng said the bank has invested over N3.0 billion in real estate and created mortgage in excess of N 5 billion over the past 36 months which has helped in reducing the housing deficit in Nigeria.

Describing the recent collaboration, Yemi said the estates would be tastefully furnished in prime locations within Abuja and Lagos stressing that a unit sells between N9 million to N 20 million.

He encouraged all existing and prospective customers of the bank to take advantage of the new development in the bank.

“We are in an era that requires great tact for those who want to survive. One of the ways to live in this era is to take advantage of facilities like this. With the products in our bank, it is easy for anybody who wants to own property to do so, our terms are flexible’.