Hi,

There is this property being sold on mortgage. its being financed by Development Bank. What's your take on it.

i read part of the sale agreement which says that interest is 2% above the current base rate...At the moment interest charged is 12%.

Any advice from wazua members.

hi guys the apartments are being financed at a negotiated rate floating on the banks base rate minus 325basis point at any time depending on the money mkt conditions. currently 15.25% -3.25%=12%.
By the way got two units renting at kshs 20000. if one is interested hola.

There's also 360 Court at 2.8 with 300k deposit and 2.5 financing. By the same guys SEB Estates Limited.

What's the difference?

I intend to check them out soon.

Good stuff. I see on their site http://www.sebestates.co...d=1&subCat=Vmlldw== they're now listing them as 3.5m.

Very good finishing, spacious rooms, women will love the Kitchen. Slight issue to mention, the toilet shown on the website is the only one in the whole appartment and its just adjacent to the only bathroom (not shown, separate) room.

I noted as they also serve guests, these two private rooms are next to the sitting room. Meaning if you had guests, it might be a tad tricky to exit from the shower to any bedroom. But should be okay for singles...

@kaufman Mlolongo - Kenya.