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I Need A Loan 4 Property Developmnt. I Have A N40m House Collateral. Ideas Pls? - Business - Nairaland

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I Need A Loan 4 Property Developmnt. I Have A N40m House Collateral. Ideas Pls? by 9jaCrusade: 2:30pm On Dec 08, 2011
Hello Naira Land. I am a professional builder. I have been building for people but I intend to start commercial property development in 2012. It is a very good business. I have done my feasibility studies, produced workable drawings, BOQ, Marketing Plans, Profitability analysis, project management schedules. I have decided it is more than worth it. I have pegged the project profitability at 50% in six months. It is my trade so I understand the best and most efficient manner to construct with high premium on the facade to improve it's perceived value.

A director in my company has decided to put down his property at Dopemu Lagos as a collateral. I need ideas on how to go about securing a loan for the venture. Please kindly supply ideas. You are greatly appreciated.

My email is plus234technologies@gmail.com
Re: I Need A Loan 4 Property Developmnt. I Have A N40m House Collateral. Ideas Pls? by chizillar(m): 3:49pm On Dec 08, 2011
I have some informative packs on securing loans for capital projects and businesses. Personally, i don't give loans but i felt it will help or solve your problem. It is free also.call me on 07033097160.
Re: I Need A Loan 4 Property Developmnt. I Have A N40m House Collateral. Ideas Pls? by fm7070: 4:13pm On Dec 08, 2011
go to your bank.
Re: I Need A Loan 4 Property Developmnt. I Have A N40m House Collateral. Ideas Pls? by Nobody: 6:04pm On Dec 08, 2011
fm7070:

go to your bank.

well said!!!!

@if all papers are in order (and you believe in what you wrote) then they will surely help you.
Re: I Need A Loan 4 Property Developmnt. I Have A N40m House Collateral. Ideas Pls? by 9jaCrusade: 9:15pm On Dec 09, 2011
Guys, thanks a lot. The issue I experienced with the bank is that they said they needed a CofO which the property does not have. It only has a deed of coveyance.
If you have ideas on how to work around it, I will be glad to hear
Re: I Need A Loan 4 Property Developmnt. I Have A N40m House Collateral. Ideas Pls? by Nobody: 9:21pm On Dec 09, 2011
if you understand clearly why the bank refused to give you a loan, then i am sure you would also understand why an individual would do the same thing. . . . . . . . unless they were crazy!

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