To extend the frontiers of innovation in mortgage banking services through the collective performance of well motivated professionals using modern technology and techniques to enhance house ownership and create value to stakeholders and clients.

BRIEF HISTORY AND BUSINESS OF THE COMPANY

Falcon Mortgage Finance Limited was incorporated in February, 1992 and was licensed to operate a mortgage bank in November, 1992 to mobilize primary, secondary savings and deposits for mortgage loans to individuals, institutions, companies and governmental organisations.

Falcon Mortgage is a private Limited Liability Company owned by distinguished Nigerian Shareholders, some which constitute the Board of Directors.

At incorporation, the Authorised and Paid-Up Share Capital was N5Million (Five million Naira) but this was later increased to N20Million (Twenty Million Naira) in 1993. Efforts are presently being made to increase the Authorised Share Capital to N5.0 Billion (Five Billion Naira).

The existing Shareholders have already raised the sum of N100Million (One Hundred Million Naira) among themselves and the balance amount of N4.9Billion (Four Billion Nine Hundred Million Naira) is needed from willing investors in order to finance Branch expansion, acquisition of sate of the art information technology to enhance customers service delivery and for working capital purposes.

FALCON MORTGAGE FINANCE LIMITED

Head Office: Bankers House-3rd Floor 19, Adeola Hopewell Street, Victoria Island, Lagos, Nigeria Telephone 01-2701995 GSM: 08033042792, 08023100174 Fax:01-2701995 www.morelgroup.net
STARTEGIC BUSINESS INTERESTS The principal areas of business focus comprise the following, namely: - COMMERCIAL REAL ESTATE DEVELOPMENT. Involves the acquisition of suitable plots in urban centers with well-established high demand for low, medium and high income houses, the construction of low, medium and high cost houses, and immediate sale on completion to free invested capital or repay loan at reasonable profit. DEPOSIT MOBILISATION AND PORTFOLIO MANAGEMENT SERVICES. Involves the mobilization of term deposits from corporate sources and high net worth individuals and their placement/investments in short term money market instruments at attractive/competitive returns to investors. MORTGAGE UNDER NATIONAL HOUSING FUND (NHF) SCHEME. The existing FGN policy pegs mortgage interest rate at 5% instead of 9% and extends the tenor of the mortgage loan from 25years to 30years duration. A new FGN sponsored Mortgage Institution called the Nigerian National Mortgage Bank is being established to manage the National Housing fund which PMI's including Falcon Mortgage Finance Limited can now more readily access for on-lending to NHF contributors. The following incentives have been introduced to enable the PMI's perform satisfactorily under the new dispensation: PMI's can use its stock of mortgage loans, holding of treasury bills, its own properties and even the properties of willing directors to secure loans from the Nigeria National Mortgage Bank. Nigeria National Mortgage Bank can create a secondary mortgage market by advancing loans to PMI's secured by primary mortgage loans booked on behalf of their customers. SAVINGS ACCOUNT PRODUCTS The following are the various Savings Account products: Falcon Popular Savings Account Falcon Target Savings Account Falcon Holiday Savings Account Falcon Children Savings Account Falcon Pension Savings Account Falcon Community Savings Account Falcon Term Deposit Account Falcon Flexible Account MORTGAGE SERVICES Falcon Mortgage Finance Limited has designed the following mortgage services to meet the requirements of various segments of the Nigerian society:- Social Mortgage Commercial Mortgage Property Improvement Mortgage Endowment Mortgage Mortgage Guarantee REQUIRED STRATEGIC BUSINESS ALLIANCES In order to take advantage of favourable Federal Government incentives and policies for the sustainable growth of mortgage banking and house ownership in Nigeria, the shareholders of Falcon Mortgage Finance Limited require the following strategic business alliances: Equity and/or Dept Capital, Preference Shares, etc. Technical Management Support or Agreement. Core investors with provision for strategic positions in the Board and management. Joint Ventures possibilities. ENQUIRIES All enquires should be addressed to our Head Office below: Chief Lucky Oghene-Omoru (JP) Morel Group Bankers House - 3rd floor 19, Adeola Hopewell Street, Victoria Island, Lagos-Nigeria TEL: 01-2701995 GSM: 08033042792, 08023100174 FAX:01-2701995 E-mail:luckyogheneomoru@yahoo.com