12 Sep Green Park Homes launches with 3 Bedroom Semi-Detached at 21.5m and 6% Mortgage
Alpha Mead Development Company (AMDC) – Nigeria’s first Real Estate Development Company Certified to international standards (ISO 9001:2015) last week, launched a new housing scheme, Green Park Homes – offering customers an incredible opportunity to own a 3 Bedroom Semi-detached houses with a simple N1.5 million naira deposit, 5 million payable over 12 months and an unbeatable mortgage rate of 6% from the Federal Mortgage Bank of Nigeria (FMBN).
The housing scheme, which is in collaboration with Ibile Holdings – the investment arm of Lagos State Government, is a 100 unit three- and two-bedroom semi-detached houses in Abijo, along the fast-growing Lekki-Epe corridor.
According to Damola Akindolire, Managing Director of AMDC, the Green Park Homes Scheme addresses three issues for the middle-income class. These issues are the lack of housing finance, low quality structures and high mortgage rates”.
“So, as a Real Estate company focused on the middle-income class, we went back to the drawing board to think through the entire housing delivery value chain and see what opportunity we can create for our customers. The result of that process is Green Park Homes ”
“With the support of the FMBN and our partner mortgage banks, subscribers of the projects who are NHF contributors will be able to access up to 15-million-naira mortgage loan at an unbeatable rate of 6%”.
“In addition to this, we have ensured that the equity contribution for this project is low and flexible. The 6.5-million-naira equity contribution has been structured to help our customers enjoy the good things of life while on the journey to owning their homes. It is as flexible as a simple deposit of 1.5 million naira and balance payment of 5 million naira paid over the next 12 months”.
Akindolire encouraged organizations to key into the scheme for their employees. “We encourage organizations to consider this scheme for their staff. All they need is to be a contributor to the NHF and we can help their employees secure a mortgage to own these homes”.
Niyi Akinlusi, President of Mortgage Bankers Association of Nigeria (MBAN) and Managing Director, Trust Bond Mortgage Bank commended AMDC for the initiative; noting that his confidence in the project stems from his years of business relationship with AMDC and impressive track record of the developer, MAHFAS Investments, with the FMBN.
To subscribe to this scheme, call Yewande: 0818 677 9802, Helen: 0810 614 3721 or visit www.greenparkestate.com/house