BUSINESSREAL ESTATE

Real Estate Partnership Adds a Sweetener to Home Financing

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Mi Vida Homes
Mi Vida Homes CEO, Samuel Kariuki (left) with Housing Finance Managing Director Peter Mugeni after the two firms signed a strategic partnership at Mi Vida Homes offices at Garden City on Thika Highway.
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Real estate developer, Mi Vida Homes, has entered a strategic partnership with HF Group Kenya to enable home buyers receive a holistic homeownership. Mi Vida Homes CEO Samuel Kariuki says contemporary homeowners are scouting for innovative financing and investment solutions that HF Group can provide from its deeper understanding of the housing industry.

Mr Kariuki noted that HF Group’s extensive market presence and long-standing industry expertise provide access to a wider client base. He said the real estate sector is seeking strong institutional partnerships that not only enhance credibility but also leverage complementary strengths to deliver forward-thinking solutions.

By combining HF Group’s financial expertise with our commitment to high-quality, sustainable housing, this partnership is poised to set new benchmarks in the market, addressing key industry challenges and creating more accessible homeownership opportunities.

“Unlike traditional developer-financier partnerships that focuses only on selling homes, our MoU aims to create a full-fledged ecosystem that includes financing, home advisory, investment opportunities, and even long-term property value enhancement,” Kariuki explained.

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The property investment solutions company has been a key player in the Kenyan market for six years, enhancing its credibility through the delivery of high-quality homes on time to homeowners, while also providing positive rental yields to investors. This commitment has set a new standard of reliability in the sector, establishing the company as a trusted leader in both residential and investment solutions.

Housing Finance Company Limited Managing Director, Mr Peter Mugeni, said the collaboration provides a significant milestone in enhancing homeownership for Kenyans while providing value for those who intend to own homes particularly in the affordable home space. Mugeni said the initiative will provide a joint exposure of the housing units into the market and the ability for those who intend to own them to go through the ownership journey hassle free by providing them with financial assistance.

“We will provide financial assistance of up to 95% of the purchase price at a fixed rate of 9.5% for a period of up to 20years. This will allow many people to afford the mortgage as it a good incentive for them to buy the property rather than renting,”  Mugeni explained.

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editor [at] businesstoday.co.ke

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