07/04/2022
COFUND is simply partnership initiative between CITY CORE LIMITED and individuals, group of persons or companies to finance the proposed real estate developmental activities of capital city development limited.
The financial synergy derived from COFUND is ploughed into the company’s already acquired estates for development and value addition through provision of infrastructure such as electricity, access roads, drainages, fencing etc. this gives our estates a higher market value. Thus, the company sells and share profits among its partners. COFUND is designed to create an avenue for wealth among individuals who are interested in the wealth creation real estate offers.
However, financial fail-safe approaches are put in place to ensure the security of funds for the COFUND partners. These security approaches include:
• CERTIFICATE OF PARTNERSHIP: This is a certificate
issued to partners to validate their involvement as partners indicating amount invested, preferred investment package and duration of the contract tenor. This document is prepared as a part of security backing your investment by our legal team, thereby giving it a strong legal backing.
• CONTRACT OF PARTNERSHIP: The contract of partnership is a legal document that further validates and carries the tenor and financial contribution of a partner. The portion of the estate equivalent to the funding capital allotted to the partner.
• POST-DATED CHEQUE: A post-dated is issued to partners as security for their funds. This cheque is to be taken to the bank by the funding partner at the end of the contract tenure for withdrawal of fund.
• LAND BACKED GUARANTEE: This is the best of its kind. Partners are given landed property equivalence from any of our choice estates across Nigeria as collateral. In an event where the company through her COFUND initiative; fails to fulfill their contract obligation of returning the funding capital of a partner after the agreed duration,l.
