| MSME - Funding, Lending & Credit |    1724 VIEWS  |
| MSME - Funding, Lending & Credit | |
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Monday,
December 27, 2021 / 9:55 AM / Release by Foreshore
Waters / Foreshore Waters
Foreshore Waters Limited (FWL) has secured a N2.4 billion loan facility
from the Bank of Industry (BoI) to support the company's growth and expansion
plans.
The loan confirmation came from the company's Director, Christiana
Amida. According to Amida, the loan would improve its operational efficiency
and speed up ongoing projects.
Speaking further on the development, Amida explained that the repayment
of the loan facility spans a four-year tenor with a 6-month moratorium.
"We are very excited to embark on
the partnership with the Bank of Industry. The facility would be invested in
the acquisition and infusion of cutting-edge innovative solutions that will
contribute significantly to our growth projections. For us, this is the
beginning of a long-term, mutually beneficial journey with BoI in our
commitment to contributing our quota to the development of the Nigerian real
estate sector and ultimately the economy", she said.
She declared that Foreshore Waters is the fastest-growing independent
luxury real estate company in Nigeria, providing innovative real estate
solutions with numerous projects that redefine the concept of upscale
contemporary living.
She described the company as the savvy investor's choice that provides
the perfect blend of luxury, elegance, and style with state-of-the-art
architectural designs, remarkable estate features, scenic surroundings, and an
unbeatable return on investment.
According to her, some of the company's developments include the
prestigious Riverside Apartments, the tallest building on Banana Island Road;
Banana Island Paradise, an exclusive but affordable development in Banana
Island; and Insignia, a first-class hotel styled residential development at
Osborne 2, Ikoyi among others.
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