Commercial Mortgage empowers small & medium scale enterprises finance the acquisition of landed property for commercial purposes.
- Applicants must have been in their line of business for at least 5 years
- Account relationship with FirstBank must be for at least 6 months.
- Source of repayment is from business sales proceeds (not rent)
- Key Man Mortgage Protection Assurance + Comprehensive Insurance against Fire, Earthquake and Tornado (FET)
- Terms & Conditions apply
- Convenient means to finance working capital needs
- Building Plan approved by the relevant authorities
- Valuation Report to be obtained for property to be financed
- Offer Letter from developer in cases of outright purchase
- Audited financial statements of the company
- Any other documents that may be required by the bank
- Download the Commercial Mortgage Application Form
- Complete the form and submit to the Retail Team at the nearest FirstBank branch