Own the premises you trade from.

Acquire trading premises — the shop, workshop, clinic, or warehouse you currently rent. Tenors 5–10 years, LTV capped at 60%.

22.0% p.a.
Indicative rate
₦750M
Maximum loan
15 years
Maximum tenure
Start application → See your monthly ↓
How it works

From enquiry to keys on your premises.

01
Book a discovery call
One hour with a senior relationship officer. We discuss the business, the premises, the timeline. No documents required at this stage — and no commitment from either side.
02
Submit your file
Business registration certificate, three years of audited accounts (or management accounts plus tax filings), property valuation, and a one-page summary of the intended trading use.
03
Credit decision in five days
We issue a written indicative offer within five working days of receiving a complete file. The offer letter names the rate, tenor, LTV, and repayment schedule in plain figures — no conditional language.
04
Sign, verify, disburse
Funds release upon signed offer letter, independent property valuation, and title verification. The repayment schedule — monthly, seasonal, or custom — is agreed and locked before drawdown.
Eligibility

Who this is for.

The Commercial Mortgage is designed for operating businesses, not investors. The premises must be the applicant's primary trading location — not a sub-let or speculative asset.

Limited liability companies with three full audited years, or three years of management accounts plus tax filings accepted in lieu.
Sole proprietorships with five years of trading history and clean tax compliance across all three most recent filing periods.
Professional practices — medical, legal, dental, accounting — registered with their relevant Nigerian regulator and with stable, documentable recurring income.
SMEs acquiring trading premises — shop, clinic, school building, workshop, or warehouse — where the applicant is the end-occupier, not a sub-landlord.
Owner-operators currently renting at rising market rates, where a 7-to-10-year mortgage offers demonstrably better long-run economics than perpetual renewal.
Documentation

What you'll need.

CAC Certificate of Incorporation
Plus Memorandum and Articles of Association for limited companies.
Three years of audited accounts
Or management accounts plus FIRS tax clearance certificate for the same period.
Six months of business bank statements
All principal operating accounts to evidence cash-flow pattern and seasonality.
Property documents and title
Title deed, survey plan, change-of-use certificate where applicable. Registered title required.
Independent property valuation
AGMB-approved valuer. Required before credit decision; cost borne by applicant.
Proof of current rent obligation
Current lease agreement showing the rent you are replacing. Demonstrates business-case for acquisition.
Personal guarantee (loans above ₦150M)
From the principal director. AGMB provides a plain-English explanation before signing.
Business plan or premises-use summary
One page describing the trading activity and why this specific premises is the primary location.
Pricing

The numbers, in plain sight.

Indicative rate
22.0%
Per annum, reducing-balance. First 24 months fixed; thereafter MPR + 4.0%, annual cap of 250 bp.
Maximum loan
₦750M
LTV capped at 60% of independently appraised value. Minimum loan ₦20 million.
Maximum tenure
15 yrs
Minimum 5 years. Repayment schedule can be monthly-equal, seasonal, or custom-matched to your cash-flow shape.
On repayment flexibility. A school may prefer term-aligned payments — heavier in October and February, lighter in July and December. A retailer may want a December-heavy schedule to use Christmas trading. A clinic with predictable monthly receipts may simply want equal monthly instalments. The flexibility is real, within the limits of total interest cost. We will discuss your cash-flow shape before fixing the schedule.
Case studies

Three SMEs, three premises.

Retail
Lagos Island pharmacy
An independent pharmacist on Lagos Island had been renewing a two-year lease annually — rent rising 18% each cycle. The landlord indicated a 30% uplift at the next renewal. A commercial mortgage on the ground-floor unit they occupied eliminated the landlord risk and reduced their effective monthly premises cost in year four, accounting for the amortisation schedule.
Loan amount₦72,000,000
Tenor8 years
RepaymentEqual monthly
Office
Ikeja accounting practice
A four-partner accounting firm in Ikeja had outgrown shared serviced-office space. Rather than signing a ten-year lease on a floor of a new development, they acquired a standalone commercial building in Maryland — structuring a seasonal-weighted repayment schedule that aligned with their busy-season billings in February and August.
Loan amount₦140,000,000
Tenor10 years
RepaymentSeasonal-weighted
Mixed-use
Abuja diagnostic centre
A diagnostic clinic in Wuse II acquired a two-storey building — ground floor for patient services, upper floor sub-let on a registered 30-year sublease to a dental practice. The rental income from the sublease was factored into the repayment assessment, reducing effective monthly outgoings by 38% compared to the prior lease cost.
Loan amount₦210,000,000
Tenor12 years
RepaymentEqual monthly
FAQs

Frequently asked.

Up to 15% of the loan can be ringfenced for documented fit-out costs, drawn in two tranches against contractor invoices. This is available at the time of origination — it cannot be added retrospectively to an existing facility.
Yes, if the unit carries a separable title or a registered sublease of 30 or more years remaining. We do not finance market-stall allocations, container-converted retail, or premises within disputed land schemes.
The mortgage moves with the property, not the business. You may sell the property and settle the loan, or you may sub-let the premises subject to lender consent — this is a standard clause, not an obstacle.
The first 24 months are fixed. Thereafter the rate floats at MPR + 4.0% with an annual cap of 250 basis points. Rate adjustments are published in writing at least 60 days before they take effect.
Yes. Co-borrowing on a single asset with proportionate liability is supported. Both directors' income and compliance records are assessed individually as part of the credit review.
Half of commercial mortgage applications fail on first review because the building is wrong for the business, the timing is wrong, or the financing structure ought to be a working-capital line rather than a mortgage. We would rather decline a file in week one than approve one that will distress in year three. We explain the reason in writing, in full.
Talk to a mortgage advisor
Not sure which product fits? We'll route you.
One call to walk through eligibility for NHF, M-REIF, Commercial, Construction, and REI. No commitment.
21 years
advising Nigerian homebuyers since 2005
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