This is a medium to long term facility aimed at assisting established and well-structured schools in the expansion of their landed properties to meet obvious or anticipated business demand. The tenor spans from 3 to 10 years, giving schools funds up to 400million.
Facility Type: Term Loans for Schools
Amount: Minimum of 20,000,000
Maximum of 400,000,000
Pricing: Interest rate: Competitive
Management fee: 1%
Commitment fee: 1%
Tenor: Minimum of 3 years
Maximum of 10 years
Repayment: Quarterly repayment of principal and monthly repayment of Interest
Security: Legal mortgage on the property being
financed or alternative property (Buy).
Legal mortgage on an alternative
Equity Contribution: 30%