The cost of construction finance loans in Kenya keeps rising. The paper work and conditions needed for a land owner to fulfill before loan issuance such as meeting 30% cost of construction, another income sufficient to service debt during the construction process etc. keeps many people away from accessing bank loans for constructing.
Self Funding.Zero Debt.
a4architect.com offers a solution to this through self funding Joint Venture financing method whereby the land owner subdivides his property into several sectional property subdivision then sells approximately 2/3rds of the properties to raise the cash needed to construct on the remaining 1/3rd of the property.
Sectional Property Resale.
a4architect.com works with land owners to come up with the sectional properties, raise the capital through resale of the sectional properties and design, manage to completion the 1/3rd portion remaining so that land owner can begin to benefit from rental income.
Forced Bank Sale.
A4architect.com sectional property debt free construction financing method ensures land owner develops his property without the risk of bank attachment in case of non repayment of loans. a4architect.com assists land owner to mobilize their current resources to unlock capital for construction without debt.
Land Compensation.
The loss of horizontal surface of land to sectional property buyers is compensated by constructing vertically to the maximum number of storeys allowed. Around Nairobi and many other towns in Kenya, residential areas such as Rongai, Umoja, Ruiru, Mtwapa, Nyali, a land owner can develop up to 8 floor levels. This vertical increase in new floor area can be developed to bring in additional rental income in future.
Contacts.
Land owners that would like more information on constructing debt free can contact a4architect.com below.
Architect Francis Gichuhi kamau.
gichuhi@a4architect.com
0721410684
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