{"id":5198,"date":"2017-07-08T09:45:34","date_gmt":"2017-07-08T09:45:34","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=5198"},"modified":"2017-07-08T09:45:34","modified_gmt":"2017-07-08T09:45:34","slug":"sterling-bank-commits-to-real-estate-financing","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/sterling-bank-commits-to-real-estate-financing\/","title":{"rendered":"Sterling Bank Commits to Real Estate Financing"},"content":{"rendered":"

 <\/p>\n

\n
\"\"<\/div>\n

<\/p>\n

<\/p>\n

<\/p>\n

The Managing Director\/Chief Executive, Crown Realities Plc, Mr. Darl Uzu has commended Sterling Bank Plc for stepping in to provide financing<\/a> for development projects in the country.<\/p>\n

Speaking at the inauguration of the Crown Court Durumi, Abuja, a project that was wholly financed by the bank, he said the financial institution had proven to be a dependable partner in a time of need.<\/p>\n

He told guests, including the Minister of the Federal Capital Territory (FCT), Mr. Mohammed Bello, who was represented by the Permanent Secretary of the FCT, Mr. Umar Jubril that the bank had been responsive to the credit needs of Crown Realities and the real estate<\/a> sector.<\/p>\n

<\/p>\n

<\/p>\n

He said: \u201cAt the height of the recession when funds<\/a> were scarce and investors\u2019 confidence were at its lowest, Sterling Bank supported the Phase 1 of Crown Court Durumi. The bank has proven to be a dependable partner in progress to Crown Realities Plc.\u201d<\/p>\n

In addition, the real estate developer assured the bank of its unwavering commitment to its financial obligation.
\n\u201cWe promise that we\u2019ll not disappoint Sterling Bank and will ensure we further strengthen the confidence reposed in us. We\u2019ll always do our part every time,\u201d Uzu added.<\/p>\n

On his part, the Executive Director, Commercial and Institutional Banking, Sterling Bank, Mr. Lanre Adesanya described the bank\u2019s partnership with Crown Realities as a huge success. He said the real estate development company had been tested and found to be well-managed, prudent and cost efficient.<\/p>\n

He said the bank had made significant commitments in the real estate segment especially in Lagos. These included a 360 low cost housing<\/a> unit in Amuwo Odofin, 210 semi-detached housing estate in Agungi-Lekki, 539 units of apartments in Lekki Phase 1, and additional 566 mixed housing units on the same axis in Lekki.<\/p>\n


\n<\/p>\n

<\/p>\n<\/div>\n

Thisday <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The Managing Director\/Chief Executive, Crown Realities Plc, Mr. Darl Uzu has commended Sterling Bank Plc … Sterling Bank Commits to Real Estate Financing<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5199,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[15230,1399,447,344,684,1384,11,818,84,857,446],"class_list":["post-5198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazon","tag-development","tag-financing","tag-housing","tag-lagos","tag-lekk","tag-low-cost-housing","tag-real","tag-real-estate","tag-real-estate-sector","tag-sterling-bank"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Sterling-Bank-Plc-e1460953817352.jpg?fit=696%2C412&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6256,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-banks-partnership-with-developers-boosts-housing-delivery\/","url_meta":{"origin":5198,"position":0},"title":"How bank\u2019s partnership with developers boosts housing delivery","author":"Amazing Property","date":"September 18, 2017","format":false,"excerpt":"FCT Minister, Muhammad Bello The huge deficit level in Nigeria\u2019s housing sector is worrisome. As at 2012, experts estimated the deficit to be at a minimum of 17 million units and recently raised an alarm that the figure could be up to 20 million units if a proper investigation of\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Mohammed-Bello.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mohammed-Bello.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mohammed-Bello.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mohammed-Bello.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mohammed-Bello.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mohammed-Bello.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6285,"url":"https:\/\/amazingproperty.com.ng\/blog\/sterling-bank-takes-giant-strides-in-housing-sector\/","url_meta":{"origin":5198,"position":1},"title":"Sterling Bank Takes Giant Strides in Housing Sector \u00a0","author":"Amazing Property","date":"September 18, 2017","format":false,"excerpt":"\u00a0 Nigeria has a worrisome deficit in housing, which as at 2012, was estimated at a minimum of 17 million units. Recently, the figure was raised and, according to experts, it could be up to 20 million units, if a proper investigation of the state of affairs in the sector\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/s3-eu-west-1.amazonaws.com\/leadersandco\/wp-content\/uploads\/2017\/02\/14001431\/Sterling-Bank-Logo.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/s3-eu-west-1.amazonaws.com\/leadersandco\/wp-content\/uploads\/2017\/02\/14001431\/Sterling-Bank-Logo.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/s3-eu-west-1.amazonaws.com\/leadersandco\/wp-content\/uploads\/2017\/02\/14001431\/Sterling-Bank-Logo.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7100,"url":"https:\/\/amazingproperty.com.ng\/blog\/combating-housing-deficit-sterling-bank-partners-sterling-court-on-housing-provision\/","url_meta":{"origin":5198,"position":2},"title":"Combating housing deficit: Sterling bank partners Sterling Court on housing provision","author":"Amazing Property","date":"November 14, 2017","format":false,"excerpt":"In its bid to reduce the widening housing deficit in the country, Sterling Court Development, a Pubic Private Partnership Development initiative in collaboration with Lagos State Government through Agboyi-Ketu Local Council Development Area, in financial partnership with Sterling Bank Plc, is set to offer a solution to the acute housing\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Sterling Court.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/sterling-court.jpg?fit=412%2C219&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7145,"url":"https:\/\/amazingproperty.com.ng\/blog\/bank-partners-lagos-state-government-in-340-unit-project\/","url_meta":{"origin":5198,"position":3},"title":"Bank partners Lagos State government in 340-unit project\u00a0","author":"Amazing Property","date":"November 20, 2017","format":false,"excerpt":"Sterling Bank Another residential estate, Sterling Court, is set to join the ranks of housing estates in the Lagos metropolis. Up to 320 units are planned for the estate, being jointly developed by Sterling Court Development and Lagos State Government as a pubic private partnership scheme. \u00a0 The initiative has\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Sterling Bank.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Sterling-Bank.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Sterling-Bank.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Sterling-Bank.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Sterling-Bank.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Sterling-Bank.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5158,"url":"https:\/\/amazingproperty.com.ng\/blog\/firm-completes-n3b-crown-court-estate\/","url_meta":{"origin":5198,"position":4},"title":"Firm completes N3b Crown Court estate","author":"Amazing Property","date":"July 3, 2017","format":false,"excerpt":"Real estate A real estate development and investment company, Messrs Crown Realities Plc has completed a high-end gated luxury residential estate in Abuja, christened\u00a0Crown Court. The estate located at Durumi is on 5.97 hectares of land, cost over N3billion and comprises 81 units of fully detached family units and Golf\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Real estate news","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7936,"url":"https:\/\/amazingproperty.com.ng\/blog\/nmrc-modern-shelter-seal-deal-on-affordable-housing\/","url_meta":{"origin":5198,"position":5},"title":"NMRC, Modern Shelter seal deal on affordable housing","author":"Amazing Property","date":"January 29, 2018","format":false,"excerpt":"A new Memorandum of Understanding has been endorsed between Nigeria\u2019s foremost mortgage underwriter and a pioneer mortgage brokerage and real estate marketing firm that ensures the removal of barriers to home ownership for off takers. The deal between the Nigeria Mortgage Refinance Company (NMRC) and Modern Shelter Systems and Services\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nigerians 3 1062x598.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=5198"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/5199"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=5198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=5198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=5198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}