Nigeria’s leading real estate development firm, Alpha Mead Development Company (AMDC), today announced a partnership with pan-African banking conglomerate, Ecobank to help more middle-income Nigerians achieve their homeownership goals by lowering the financial barrier to entry.
Through this partnership, Ecobank will be offering eligible individuals at home and in the diaspora an array of low-interest financing options including 60months tenured mortgages of up to ₦150million to own homes at any of AMDC’s estates nationwide either for living or investment purposes.
AMDC is the first and only indigenous real estate development company certified to international standards (UKAS ISO 9001:2015) and developers of Nigeria’s only residential estate certified to the World Bank’s EDGE Advanced standards post-construction, Lekki Pearl Estate.
According to Marketing and Corporate Communications Manager of Alpha Mead Group, the parent company of AMDC, Lanre Awode: “This partnership will further propel us towards our goal of making affordable housing accessible to middle-income Nigerians regardless of their location on the globe. Having a partner with the pedigree of Ecobank’s will serve the dual purpose of encouraging more Nigerians to take advantage of the multifaceted benefits of real estate investment and providing adequate shelter to stimulate socio-economic development.”
On her part, the Head of Assets Products at Ecobank Nigeria, Daberechi Effiong stated: “Ecobank is fully committed to providing Nigerians with a wide range of funding support to achieve their homeownership goals. On this account, affordable housing will be further entrenched in the country, giving more individuals the opportunity to own homes without exactly necessarily disrupting their finances and boosting the national economy as a corollary.”
Real estate investors and prospective homeowners can immediately key into two developments in the AMDC portfolio – Lekki Pearl Estate and Green Park Estate. Lekki Pearl Estate is a technology-driven, full-residential estate consisting of over 112 units of different house types in Lagos. Earlier this year, the estate bagged its EDGE Advanced certification for saving customers over 40 per cent and 30 per cent of their energy and water consumption costs respectively, therefore, putting money back in their pockets. Green Park Estate is a development in partnership with Ibile Holding, the investment arm of the Lagos State Government. It features a contemporary mix of semi-detached and terrace houses; and one, two and three–bedroom apartments – including studio rooms.