Banking | Mortgage | Real Estate

Refuge Commercial Mortgage Financing

Experience Business Growth with a 90-day Flexible Repayment Loan.

Our Commercial Mortgage Financing product allows shop owners with duly proof of ownership to access funds to meet their business’s working capital needs.

Our bank is safe
and secure

Trusted by over
500,000 users

Product Basic Features

The following are the product basic features of Commercial Mortgage Financing:

Tenor up to 90 days

Shop documents as collateral

Competitive pricing

Obligor limit up to 50% of 6 months turnover subject to a maximum of N2M

Option to roll over at expiration

Flexible repayment in line with cash flow

Pre-Approval Requirements

The following are the Pre-Approval requirement of Commercial Mortgage Financing:

Receipt of loan application letter.

Positive legal search on the property.

Receipt of valuation report on the property.

Receipt of original title documents/shop receipt

Receipt of executed Deed of Transfer of the shop to the bank

Receipt of executed Credit Agreement and the Right Of Set Off

Receipt of executed Payment Guarantee Form

Positive CRMS check

Customer’s commitment to monthly credit turnover

Post-Approval Requirements

The following are the Post-Approval requirement of Commercial Mortgage Financing:

Comprehensive insurance on the property with Refuge noted as first loss payee

Keyman risk insurance of obligor

Receipt of daily, monthly etc business proceeds into the account

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Achieve More With Us

Never Run Out of Business Operating Cash

Use the value of your shop to unlock funds and invest in critical areas like equipment upgrades, inventory expansion, new product or service lines, marketing initiatives, and more.

Focused Financial Planning

Enjoy greater financial flexibility to handle day-to-day operations and seize new opportunities. Let’s handle the finance while you focus on growing and expanding your business.

Streamlined Process

Experience a quick and efficient application process tailored to busy business owners like you. We understand the importance of time, so we strive to make accessing the capital you need smooth and hassle-free.

More Beneficial Products

Commercial Mortgage Financing

Our Commercial Mortgage Financing product allows shop owners with duly proof of ownership to access funds to meet their business’s working capital needs.

School Building / Rent Finance

Refuge School Building and Rent Finance empowers schools to expand, acquire property, and meet rental needs. We work with school owners to expand, buy up the buildings or pay rent. These loans can be paid back within a year for ‘rent’ and up to two years for ‘purchase’ at attractive interest rates.

House Renovation and Improvement Account

This product helps finance renovations and upgrades on residential and business premises. It can equally be accessed to enhance the interior of individual residences. This includes the acquisition of household items.

Get in Touch With Us

Choose Refuge Mortgage Bank. Choose advancement.

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