Tag Archives: Real Estate financing

Proper financing is all-important to successful property investment and development. In this article we take a critical look at the challenges of financing real estate developments in Nigeria. The term ‘development’ as defined in section 2(1) of the Nigerian Town and Country Planning ordinance 1948, states that “development in relation to any land includes any building or rebuilding operation and ...

“Nedcomoaks properties boss, Dr Kennedy Okonkwo, has called on the government to look into the real estate industry and consider it for financing.”- Nigerian Tribune The estate developer made the statement during a courtesy visit paid to him by some top executives of the Real Estate Developers Association of Nigeria (REDAN) in Lagos earlier this week. According to Dr Okonkwo ...

“The Managing Director/Chief Executive, Crown Realities Plc, Mr. Darl Uzu has commended Sterling Bank Plc for stepping in to provide financing for development projects in the country.”- This Day Speaking at the inauguration of the Crown Court Durumi, Abuja, a project that was wholly financed by the bank, he said the financial institution had proven to be a dependable partner ...

Investors in real estate and general infrastructure have been advised to leverage Real Estate Investment Trusts (REITs) as a viable alternative to traditional sources of project financing. This is recognizing that a major constraint to the growth of the real estate sector in Nigeria is funding which, analysts say, suffers from short-term deposit supply and long-term lending demand mismatch. The complexity and capital intensive nature of real estate developments and transactions, the analysts add, demands proper and adequate funding, ...