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Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. - Business - Nairaland

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Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 6:05pm On Aug 22, 2019
Reviewed
A friend needs a loan of 10m with Interest for a business transaction and is willing to lay his property at Okota, Lagos as collateral. He intends for the loan period to run for 4 months.

The property is located in a Street off Okota Road, Okota - Lagos with the following, all sitting on 1.5 plots. All housing units in the property have been rented out as well, so it is providing cashflow as we speak.

*2 one storey buildings.
*1 generator house.
*1 security post
*2 room BQ


1st building has a five-bedroom duplex, all rooms ensuite with two living rooms.
Attached to this same building are 2 (units) three-bedroom flats.

2nd building has ,
*1 (unit) two-bedroom flat (downstairs)
*1 (unit) three-bedroom flat (downstairs)
*1 (unit) four-bedroom flat (upstairs)


C of O is also available and can be sighted.

Interested persons can please chat or call using the contact link on my signature below.
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by agarawu23(m): 8:03pm On Aug 22, 2019
If the building is that valuable, why not go to bank?

6 Likes

Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by utitofonsunday: 8:43pm On Aug 22, 2019
Try ioumoney.com.ng
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by yomi007k(m): 8:47pm On Aug 22, 2019
agarawu23:
If the building is that valuable, why not go to bank?
undecided
I tire o...
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 9:02pm On Aug 22, 2019
agarawu23:
If the building is that valuable, why not go to bank?

He doesn't want to use the bank. He has tried it before and wasn't happy with the loan facility terms, interest rates and added fees.

A private dealing won't be as expensive as a bank's commercial rate.

2 Likes

Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 8:27am On Aug 23, 2019
Good morning
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by dogtails(m): 8:50am On Aug 23, 2019
Vested:
Good morning
Ur friend is a thief

1 Like

Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 9:03am On Aug 23, 2019
dogtails:
Ur friend is a thief

Did you have to go to this length?

I'm disappointed.
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 9:38pm On Aug 23, 2019
Cool
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 11:10am On Aug 25, 2019
Yes
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by SocialJustice: 12:19pm On Aug 25, 2019
dogtails:
Ur friend is a thief
How is he a thief? You can't just wake up and call a person a thief. What happened?

4 Likes

Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 8:08am On Aug 26, 2019
Good morning.
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 8:10am On Aug 26, 2019
SocialJustice:
How is he a thief? You can't just wake up and call a person a thief. What happened?

I am still amazed at what warranted that statement from him.

I even regret dignifying him with a response.

1 Like

Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 8:27am On Aug 27, 2019
Good morning
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 8:31am On Aug 28, 2019
Yes
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by NairalandAngel(m): 10:17am On Aug 28, 2019
Vested:
Reviewed
A friend needs a loan of 10m with Interest for a business transaction and is willing to lay his property at Okota, Lagos as collateral. He intends for the loan period to run for 4 months.

The property is located in a Street off Okota Road, Okota - Lagos with the following, all sitting on 1.5 plots. All housing units in the property have been rented out as well, so it is providing cashflow as we speak.

*2 one storey buildings.
*1 generator house.
*1 security post
*2 room BQ


1st building has a five-bedroom duplex, all rooms ensuite with two living rooms.
Attached to this same building are 2 (units) three-bedroom flats.

2nd building has ,
*1 (unit) two-bedroom flat (downstairs)
*1 (unit) three-bedroom flat (downstairs)
*1 (unit) four-bedroom flat (upstairs)


C of O is also available and can be sighted.

Interested persons can please chat or call using the contact link on my signature below.


Does the land have a Certificate of Occupancy?
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 1:45pm On Aug 28, 2019
NairalandAngel:


Does the land have a Certificate of Occupancy?

Yes
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 8:20pm On Aug 29, 2019
Alright
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 8:52am On Aug 30, 2019
Good morning
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 12:54pm On Aug 30, 2019
Yes
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by akinonigbinde: 3:33pm On Sep 01, 2019
What interest rate are we looking at in this 4 month duration?
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 4:02pm On Sep 01, 2019
akinonigbinde:
What interest rate are we looking at in this 4 month duration?

We can discuss and reach a compromise on that in order for the interests of both lender and borrower to be covered.
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Vested(m): 2:15pm On Sep 02, 2019
Yes
Re: Loan of 10m Needed With Interest. Property In Lagos Available As Collateral. by Jafestra: 3:40pm On Sep 26, 2019
I need your phone numbers please.
akinonigbinde:
What interest rate are we looking at in this 4 month duration?

(1) (Reply)

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