What Is Bridging Finance?
So, you’ve sold your house and made a profit of R100 000? The bank will only pay the profit to you when the property is registered in the new owner’s name. You need access to this capital now and Bond Gallery Bridging Finance can arrange bridging finance for this while you wait for the property to be registered.
Bridging Finance Criteria
- Property related transactions only
- Guarantee from financier required
- Suspensive conditions have been met
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