Foreshore Waters Gets N2.4bn BoI Funding to Support Growth and Expansion Plans

Monday,December 27, 2021 / 9:55 AM / Release by ForeshoreWaters / Foreshore Waters

Foreshore Waters Limited (FWL) has secured a N2.4 billion loan facilityfrom the Bank of Industry (BoI) to support the company's growth and expansionplans.

The loan confirmation came from the company's Director, ChristianaAmida. According to Amida, the loan would improve its operational efficiencyand speed up ongoing projects.

Speaking further on the development, Amida explained that the repaymentof the loan facility spans a four-year tenor with a 6-month moratorium.

"We are very excited to embark onthe partnership with the Bank of Industry. The facility would be invested inthe acquisition and infusion of cutting-edge innovative solutions that willcontribute significantly to our growth projections. For us, this is thebeginning of a long-term, mutually beneficial journey with BoI in ourcommitment to contributing our quota to the development of the Nigerian realestate sector and ultimately the economy", she said.

She declared that Foreshore Waters is the fastest-growing independentluxury real estate company in Nigeria, providing innovative real estatesolutions with numerous projects that redefine the concept of upscalecontemporary living.

She described the company as the savvy investor's choice that providesthe perfect blend of luxury, elegance, and style with state-of-the-artarchitectural designs, remarkable estate features, scenic surroundings, and anunbeatable return on investment.

According to her, some of the company's developments include theprestigious Riverside Apartments, the tallest building on Banana Island Road;Banana Island Paradise, an exclusive but affordable development in BananaIsland; and Insignia, a first-class hotel styled residential development atOsborne 2, Ikoyi among others.