A term finance facility designed for the purchase, development or re-finance of residential real estate for investment purposes.
When the loan is used for development of residential real estate, it can be drawn down progressively during the build, and only interest repayments made during this period. Any residential building of more than 6 units is to be financed under a Commercial Property Investment Loan.
- Minimum amount - K50,000
- Term - 25 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.