BUSINESS PROPOSAL
FOR REAL ESTATE DEVELOPMENT
ADDRESS: BESIDE EVERGREEN
FILLING STATION BY SAWMILL IDO,
OSUN STATE OF NIGERIA.
PHONE:
EMAIL:
WEB SITE:
TABLE OF CONTENTS
TABLE OF CONTENTS.........................................................................1
CONFIDENTIALITY AGREEMENT..........................................................2
EXECUTIVE SUMMARY........................................................................3
OBJECTIVE.........................................................................................3
COMPANY OVERVIEW.........................................................................3
NOTABLE PROJECTS...........................................................................3
PROJECT OVERVIEW...........................................................................4
Project Description............................................................................4
Market Opportunity.........................................................................4
LOAN REQUEST DETAILS....................................................................5
Loan Amount Requested.................................................................5
Proposed Loan Terms......................................................................5
Use of Funds...................................................................................5
Financial Projections.......................................................................6
COLLATERAL AND RISK MITIGATION..................................................6
RISK MITIGATION STRATEGY..............................................................6
CONCLUSION.....................................................................................7
CONFIDENTIALITY AGREEMENT
The reader acknowledges that the information provided in this
proposal is confidential; therefore, the reader agrees not to disclose
it without the express written permission of The Optima Estate
and Modern Homes.
It is acknowledged by the reader that information to be furnished in
this proposal is in all respects confidential in nature, other than
information that is in the public domain through other means, and
that any disclosure or use of this confidential information by the
reader may cause serious harm or damage to The Optima Estate
and Modern Homes.
Upon request, this document is to be immediately returned to The
Optima Estate and Modern Homes.
Saheeb Maleek Abiona
Director
The Optima Estate and Modern Homes
EXECUTIVE SUMMARY
The Optima Estate and Modern Home is real estate development
and investment firm focused on high-quality residential and
commercial properties. We are seeking a financial loan of
N250,000,000 (Two Hundred and Fifty Million Naira) to fund the
development of our upcoming project, The Optima, located Along
Okun Ajah Community Road, Ogombo Eti-Osa Local Government
Area, Lagos State.
OBJECTIVE
Our objective with this loan is to complete the acquisition,
development, and initial operations for this property, which is
strategically positioned to generate high returns due to growing
market demand in the Lagos State. Our projected revenue will
support loan repayment and meet growth targets for both short-
term gains and long-term asset appreciation.
COMPANY OVERVIEW
Founded in 2020 and registered under the Nigeria Law in 2024, The
Optima Estate and Modern Home has established a solid reputation
for developing high-quality real estate properties that meet market
demands. Our projects are carefully selected based on location
growth, consumer trends, and projected value appreciation.
NOTABLE PROJECTS
Mr Adeola Enable Duplex Building
Palmcrest Owode Ede Osogbo
Alaji Somat Elizabeth Duplex Building at Estate Osogbo
Engr Mujeeb Bungalow Ido Osun Osun State
Mr Nasir, Shopping Complex, Asa Dam Ilorin, Kwara State
Mr Agboola, Mini Mart and Gas Station Iwo Osun State
Alaja Ayomide, 3 Story building Offa Kwara State
Mr Elijah Church Construction Ibadan and Ilesha
Our team includes experienced professionals in real estate
development, construction, and finance, ensuring project quality and
effective management.
PROJECT OVERVIEW
Project Description
The proposed project, The Optima, is a mixed-use residential and
commercial complex located Along Okun Ajah Community Road,
Ogombo Eti-Osa Local Government Area, the rapidly developing
downtown district of Lagos State. This location is ideal due to its
high demand for luxury apartments and retail spaces and the city
growth in population and economic development.
Market Opportunity
The demand for modern residential units and commercial retail
space in Lagos is rising, driven by such as increased employment,
urban expansion, etc in Lagos State. We expect more increase in
population rate due to the recent modernization of rail and increase
in rental income potential which positions this project as a lucrative
investment with solid cash flow.
LOAN REQUEST DETAILS
Loan Amount Requested
We are seeking a loan of N250,000,000 (Two Hundred and Fifty
Million Naira) to finance land acquisition, construction, and
marketing.
Proposed Loan Terms
We propose the following terms, open to adjustment based on
lender recommendations:
- Loan Duration: 3 years
- Interest Rate: 3%
- Repayment Schedule: Quarterly
Use of Funds
The funds from this loan will be allocated as follows:
- Land Acquisition: N150,000,000.00 (One Hundred and Fifty
Million Naira)
- Construction and Development: N60,000,000.00 (Eighty Million
Naira)
- Marketing and Pre-Leasing Costs: N20,000,000.00 (Twenty
Million Naira)
- Contingency Fund: N20,000,000.00 (Twenty Million Naira)
This distribution will ensure that we have the capital needed to
complete all phases of development and prepare the property for
leasing or sale.
Financial Projections
We project that The Optima will generate sufficient cash flow to
cover loan repayments, with anticipated returns as follows:
- Year 1: Revenue – 180,000,000
- Year 2: Revenue – 450,000,000
- Year 3: Revenue – 370,000,000
Based on current market rates and demand, we expect a return on
investment (ROI) of 250 – 300% over 3 years and anticipate full loan
repayment within the agreed term.
COLLATERAL AND RISK MITIGATION
To secure the loan, we are prepared to offer a personal guarantee as
collateral. Additionally, we have included a contingency fund in the
budget to mitigate potential project risks and ensure that loan
obligations are met even if unforeseen challenges arise.
RISK MITIGATION STRATEGY
- Market Analysis: We’ve conducted a comprehensive market
analysis to ensure demand.
- Contingency Fund: A reserve of N20,000,000 (Twenty Million
Naira) has been allocated to manage unexpected expenses.
- Experienced Management Team: Our team has a proven track
record in successful project completion and effective risk
management.
CONCLUSION
The Optima Estate and Modern Home is committed to developing
The Optima into a profitable, high-quality property that meets the
demands of Lagos State’s growing market. We believe this project
will provide an excellent opportunity for Living Trust Mortgage Bank
to participate in a venture with solid returns, minimal risk, and
strong long-term growth potential.
We welcome the opportunity to discuss this loan request further and
provide any additional information needed to support our proposal.
