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 | Social projects carried out by private developers. |
| Eligible operation | Realization of real estate programs either of land to be subdivided for sale or have construction of houses for sale in future purchasing state. |
| 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 to be built or dwellings intended for sale for the personal dwelling of the purchaser. |
| Eligible person | Public or private real estate developer with a license to the profession |
| Duration | 48 months |
| Interest rate | 3,354% incl. VAT or 4% tax incl. |
| Total delay | 1 to 36 months |
| Minimum personal contribution | Ground plan of the program Preliminary expenses |
| Maximum loan amount | 250 millions FCFA |
| Sources of reimbursement | Marketing revenue in the transaction account |
| Modes of reimbursement | OVP |
