Resort Savings brings investment product
Head of Treasury and Investment of Resort Savings and Loans Plc, Mr. Jeff Ejemai recently in Lagos unveiled the company’s investment product in real estate saying the product yields returns for the investor.
Resort Savings and Loans Plc is a mortgage bank in Nigeria.
Ejemai explained that the investment product is a fixed deposit ranging from N500,000 to N2 million.
The investor will be the basis of the investment for which a fixed rate of return will be paid to the investor in the form of interest at an agreed period not less than six months (180days).
Resort Savings and loans will seek out to fund existing residential properties being constructed in Lagos and Abuja and any other state capital.
He said a minimum interest rate of 15 percent per annum is payable to such investment.
The Head of Treasury and Investment noted that the level of risk in the real estate business is low adding investors that their capital will be safe.
Ejemai said, “The aim of the product is to extend the opportunity for investors to invest in real estate.
Such investment will procure not only a good return on their investment but also make it possible for the investor to save money.
“There’s currently a deficit in housing which government alone cannot cater for, which necessitates the need for the private sector to invest.
“Any investor who puts his money into housing project now will surely reap a good return,” Ejemai assured.