A fixed term finance facility designed for the purchase, development or re-finance of commercial real estate.
Repayments are typically made in regular monthly installments covering principal and interest, serviced primarily by rental income. When the loan is used for development of commercial real estate, it can be drawn down progressively during the construction phase, and only interest repayments made during this period.
- Minimum amount - K50,000
- Term - 1 to 15 years
- Single or progressive drawdown
- Variable interest rate
- Ability to make lump sum principal repayments
- Long term secured finance is one of the cheapest financing options
For further information please speak with your Relationship Manager or call BSP Corporate Banking toll free on 180 1100 or +675 305 7900.