Lagos Affordable Housing Estate
1,200-unit mixed-income housing development with retail, green spaces and mortgage-linked ownership.
Invest in Lagos Affordable
Join 1,120 investors funding this build. Minimum $50, KYC in under 5 minutes.
What you're funding
A 1,200-unit mixed-income residential estate in the Ibeju-Lekki corridor, delivered through a public-private partnership with the Lagos State Ministry of Housing. Units are pre-sold to qualified buyers via a mortgage-linked scheme, with construction payments backed by off-take commitments.
Project highlights
- PPP with Lagos State Ministry of Housing
- 1,200 units across 1, 2 and 3-bedroom typologies
- Mortgage linkage to Lagos Building Investment Company
- Solar hot-water systems and rainwater harvesting
Project timeline
- Phase 1Due diligence & SPV setupOct 2025
- Phase 2Capital raise openNow
- Phase 3Construction & deploymentQ3 2026
- Phase 4Commissioning & first payoutQ1 2027
Financial structure
- Total project size
- $12M
- Target raise
- $5.2M
- Investor share
- Mezzanine, 10.5% APR
- Payout cadence
- Quarterly
How we mitigate risk
- Pre-sales risk mitigated by mortgage-linked off-take agreements.
- Construction delay covered by performance bond and liquidated damages.
- Currency risk partially hedged through USD-linked unit pricing.
Who's involved
Project your returns
Based on a target return of 10.5% APR over a 48-month tenor. Returns are contractual coupons, not guaranteed yields.
Charts update live as you adjust the investment amount.
Illustrative only. Actual returns depend on project performance and the SPV's cash waterfall.
Where your slice sits
A breakdown of how this project is financed. Higher tranches are repaid first from project cash flows.
- Senior debt (banks)50%
- Diaspora mezzanine← your tranche30%
- Sponsor equity20%
How the raise is deployed
Every dollar is allocated against a line item in the project budget, audited quarterly.
- Land acquisition & permits22%
- Civil works & superstructure34%
- Finishes, MEP & fittings18%
- Roads, drainage & utilities12%
- Retail & community facilities8%
- Contingency & working capital6%
The people running this project
Sponsor operators, the Endeleo trustee and the independent fiduciary safeguarding your capital.
20+ years structuring infrastructure SPVs across West Africa. Former AfDB project finance.
Operator with a 15-year track record delivering housing projects across Nigeria.
FRC-registered fiduciary overseeing cash waterfall, escrow controls and investor reporting.
Live from the deal team
Every milestone, audit and operational change is published here before anywhere else.
- 12 Mar 2026Milestone
Capital raise crosses 50% on schedule
1,120 investors have committed to Lagos Affordable Housing Estate. Construction tender opens next week as planned.
- 21 Feb 2026Operations
EPC contractor selection complete
Three pre-qualified contractors submitted bids. Selection panel includes our independent trustee and an external technical advisor.
- 05 Feb 2026Compliance
Quarterly audit report published
Big-four review of the SPV's escrow account and project accounts is now available in your data room.
Got a question about Lagos Affordable?
Send it directly to the trustee. We reply within one business day.
Documents & agreements
Review the full Information Memorandum and sign the Investment Agreement to confirm your subscription. All documents are reference VST-LAGOS--2026.
Information Memorandum
For reviewFull disclosure pack for Lagos Affordable Housing Estate: structure, financials, risks, partners and impact reporting.
Investment Agreement
Sign to investSPV subscription agreement governing your investment, payouts and exit rights. Counter-signed by the trustee.
By signing the Investment Agreement you confirm you have read the Information Memorandum, understand the risks, and meet Endeleo's investor eligibility criteria. Electronic signatures are legally binding under the eIDAS Regulation and the US ESIGN Act.
Questions investors ask
Who buys the homes?+
Units are pre-sold to qualifying buyers via mortgage linkage with Lagos Building Investment Company, providing a contracted revenue stream.
What happens if sales are slow?+
A 15% pre-sales threshold was required before groundbreaking, and the state has committed to absorb unsold affordable units into its housing scheme.
Ready to back this project?
Join 1,120 investors already participating in Lagos Affordable Housing Estate.