A Lagos based real estate firm, Resau Citation Investment Limited has introduced an innovative way of lending money to Nigerians to build houses and become property owners as part of efforts to reduce the housing deficit in the country.
Oluwatosin Sanusi, Managing Director of the company said that Resau Citation Investment Limited provides short and long-term loans to individuals and corporate bodies at affordable rates essentially for the purpose of building a new home or rehabilitating an existing property.
According to him, “there are three different types of construction loans that you can choose from: construction-to-permanent loans, this loan is good if you have definite construction plans for a new building. In this case, our company provides financial capital. These types of loans allow you to lock interest rates with flexible payback options within a stipulated period. We also have construction-only loans and lastly, Renovation Construction Loans. Those are the major areas we specialize on.”
Sanusi is a man to watch as far as the revolution of prime real estate in Nigeria is concerned. He is, unarguably one of the youngest investors in the sector. Sanusi recently featured in the Africa Development magazine as a brilliant and astute entrepreneur with boundless and breathtaking capacity to change the home-grown real estate industry.
Stakeholders in the real estate business say the young man is redefining the narrative of an industry that is critical to the growth of the national economy.