Easy Home Acquisition Proposal

We write to propose to you our easy home acquisition scheme. This scheme, which we have tagged the ‘Power of 5’ involves subscribers contributing an annual bulk payment of 5% of the property and another 5% spread monthly over 12 months; This process continues on a yearly basis until the delivery of the housing units when subscribers will be required to choose exit options best suitable to them as detailed below.

PROFILE OF PROMOTERS

Bamah Nissi Multilinks Limited is an indigenous and versatile real estate development, investment and management solutions provider with a global focus. The company is in the business of providing world class estate development, housing and ancillary financing solutions for the purpose of delivering quality housing and infrastructure in various forms within the shortest possible period.

It was incorporated in September 15, 2006, is currently involved in various real estate and services in Nigeria especially in Lagos State, Bamah Nissi Multilinks Limited also employ an aggressive and innovative sales strategy to achieve investors/project promoters’ objectives.

PROJECT CONCEPT

The concept involves the phased development of over 7,000 housing units of 1-3 bedroom luxury blocks of flats and 4 bedroom semi-detached duplexes among other house types along the Lekki-Ajah corridor of the Lagos-Epe expressway with prices ranging from N9,350,000.00 to N38, 850,000.00 as follows:

House types                                                                Prices

1 Bedroom Block of Flat                                            N9,350,000.00

2 Bedroom Blocks of Flat (Type A)                           N16,850,000.00

2 Bedroom Blocks of Flat (Type B)                           N18,650,000.00

3 Bedroom Blocks of Flat                                          N26,650,000.00

4 Bedroom Semi-Detached Duplex                            N38,850,000.00

Subscribers to this scheme will be required to contribute a minimum of 10% of the value of the desired house type structured as follows:

i.   5% bulk payment and;

ii. The remainder 5% spread equally over 12 months

iii. This arrangement is repeated annually until completion of housing units for delivery;

Upon delivery of the housing units after a construction window of 3 years, subscribers will be required to choose the most suitable exit options as enumerated below:

•          Subscribers have the options of outright payment of the outstanding amount either through self-financed or via mortgage or by the developer-assisted financing;

•          Subscribers who chose to pay outrightly or by mortgage will be granted immediate possession;

•          For subscribers who chose the developer’s financial arrangement, nominal interest rate will apply, and the outstanding amounts will be spread over a 7-year period post-delivery;

•          Subscribers under the developer-assisted financing will be granted possession upon presentation of a letter from the bank, or any other approved guarantor, guaranteeing payment of the outstanding balance;

Our objective is to make home acquisition easy and convenient for our subscribers by making their contribution as painless and affordable as it can be whilst transforming your dream of home ownership into reality.

All amounts deposited will be subjected to a deduction of 25% to cover for marketing, management and related operational costs.

BENEFIT TO THE BANK

• High customer traffic to the bank
• Increased activity
• Opportunity to sell related bank services
• At least 75% of sales revenue amounting to an annual inflow of over N5.7Billion fixed in the bank as follows

BENEFIT TO SUBSCRIBERS

• Beautiful homes: tasteful designs, lush green landscape, serviced environments,
• Attractive pricing: priced below current market rates, guaranteed to appreciate, non-fluctuating, all-in prices
• Convenient terms: Low deposits, convenient installmental payment plan and mortgage offers   
• Secure Investment: Real estate investment legally secured through lawyers, banks and underwriters
• Exceptional customer experience
• Pre and Post acquisition customer satisfaction guaranteed

DOCUMENTATION PROCESS

The subscriber will be deemed to have purchased the house upon the payment of the initial deposit and shall be issued documents as follows:

Upon Initial Subscription

• Payment receipts
• A Contract of Sale shall be executed between Bamah Nissi Multilinks Ltd and the subscriber.
• The company shall make available Architectural drawing for the house type to the subscriber.
• The company shall provide Survey Plan for the property to the subscriber.           

Subsequent Subscriptions

• Payment receipts

Upon Completion of Payments

• A Deed of Sublease
• Every other necessary and related document outstanding

The project is planned for premium service delivery with facilities ranging from paved roads, water supply, sewage treatment, security network and patrol, pedestrian boulevard, central gas supply, solar power generation, swimming pool, sport arena, lush green area, street lights and so much more.

Thank you.

Yours truly,

FOR: Bamah Nissi Multilinks Ltd.

Oke Dedemise

MD