Description
The mortgage loan applies to real estate programs either for development of land to be developed for sale or for the construction of housing for sale in the future state of completion.
Characteristics
| Eligibility requirement | Individual or legal entities with an authorization to practice the profession of real estate developer |
| Eligible operation | Development of land for sale Construction of houses for sale |
| Guarantees | Closed 1st rank mortgage on land title Insurance: Multiple accommodation; All Risks Site; Civil Liability of the Head of Company to guarantee the execution of the works for the benefit of the purchasers; Decennial. |
| Destination of the project | Plots of land or buildings intended for sale |
| Eligible person | Public or private real estate developer with a license to the profession |
| Duration | 48 months |
| Interest rate | 5,870% HT or 7% inclusive of tax |
| Total delay | 1 to 36 months |
| Minimum personal contribution | Ground plan of the program Preliminary expenses |
| Maximum loan amount | 500 millions FCFA |
| Sources of reimbursement | Marketing revenue in the transaction account |
| Modes of reimbursement | OVP |
