|
This is the core mortgage product account, designed for customers who wish to build, buy, renovate, refurbish or expand a house but require mortgage assistance to do so. The product is targeted at business executives, middle management, the armed forces and senior staff of Oil/ Gas companies and banks, executives of manufacturing, trading and service organizations, businessmen and women. Beneficiaries enjoy flexible structuring to match their income streams.
Bridging Home Mortgage Finance
This is a short- term mortgage finance designed to bridge the timing gap between a real estate transaction and its more permanent funding. It is designed for the professional and business executives, middle management and senior staff in private and public sectors. Individuals can enjoy immediate access to Bridging Mortgage Finance over a tenor of up to 18 months.
This product is designed to ease the burden of bulk rental payments required from both individuals and corporate bodies by landlords in the major metropolitan cities. The product is designed to ease rental payment for individuals against the culture of upfront payment of rent in Nigeria
This product offers opportunity to spread rental payment and so assist in cash flow planning. Loan tenor is matched with the period of rent prepayment. Those who have benefited can build the track record to enjoy quick access to mortgage facility.
Non-Resident Property Investment Accounts (NOREPIA):
We open accounts for non-resident Nigerians to enable them build-up savings towards owning a property in Nigeria. Such account holders enjoy high yield on their investment while they build up the savings or wait for the right property to be available. We also assist the account holders with searches, negotiations and other consultancy services for the right property in case of purchase and implementing the building project in case of construction. Account Holders can remit funds into their account with us through FirstBank Western Union Money Transfers. Please contact us through enquiries@fbnmortgages.com for details.
Project Financing
FBN Mortgages delivers value to her customers by integrating property development with the provision of Mortgage financing. It is estimated that the housing gap in Nigeria is between 12 – 16 million housing units. We enter into real estate partnerships to deliver homes to contribute to bridging this gap. The product is designed for developers and real estate investors.
Loan Syndications
We also lead-manage financing of large-scale real estate projects through project loan syndications and other means of investor or debt fund raising arrangements.
Corporate Employees Mortgage Benefits Administration
We provide wholesale mortgages to employees of blue-chip companies either through their HR departments or staff cooperative associations. We also provide Corporate Employees Mortgage Benefits Administration Services [CEMBA] to this class of companies on out-sourced bases to enable such companies concentrate on their core-business.
|
Mortgage Services
