LBIC is financing on joint venture development basis, a project for mixed residential dwelling in Amuwo Odofin (Mile 2) right now and is specifically offering for sale off plan, 3 blocks of ten floor Luxury apartment consisting of 50 units of 3 bedroom Luxury flats and 10 units of 2 bedroom Luxury flats.
· Off plan price of =N=34.5 Million for each of the 3 bedroom Luxury flats
· Off plan price of =N=29.5 Million for each of the 2 bedroom Luxury flats
· Application forms for this joint venture project is a non- refundable fee of
· =N=10,000.00 payable by each applicant
· 30% equity contribution as at the time of opening the account
· 25% equity contribution to be made before December, 2017,
· 25% equity contribution to be made before March, 2018.
· 20% equity contribution to be made by June 2018.
Mortgage terms are also available for customers/prospects who can do a total of 50% equity contribution in not more than 2 (two) instalments while also meeting the Bank’s Risk AcceptanceCriteria.
To contain 27 units of maisonette and 6 luxurious pent houses