Commercial Property Finance

Choose The Type Of Commercial Property Finance You Are Interested In From The List Below: 
Commercial Property | Industrial Property | Equity Funding | Joint Venture Partnership | Equity Release | Affordable Housing

USE YOUR PROPERTY TO SETTLE DEBT

How :  Sell –  Rent –  Buy   Using the Seller Buyback method.

 

The Sell and Buy Back – Process

Sell your property and use profits to settle debts

Rent the property back for 2 % of the purchase price, per month

Buy your property back within 24 months

 

Requirements for the sale of your property :

Types of property                              All types

Loan to Value ratio                            50 % ( bond and debt to be less than 50 % of the property value  )

Minimum Property Value                No minimum

Maximum Property Value               No maximum

Buy-Back price                                    Plus 20 % per annum

Credit Profile                                       All credit profiles welcome

Exclusions                                             Certain locations (TBA)

Property Types                                   Any

  

SELL AND RENT BACK TO PAY OFF DEBT

 

The Rental Agreement

You will pay 2 % per month ( of the purchase price) while you stay in the property

The rental agreement can be for 12 to 24 months

Rent escalation is 10 % in the 2nd year of the lease

You can buy the property back anytime within 24 months

 

USE YOUR HOME TO PAY LOANS

 

Buy-Back Option

You have the option to purchase your property within 12 months:

The Buy Back price is the purchase price plus 20 % in the first 12 months and plus further 20 % after month and before 24 months:  

Your Buyback option can be exercised at any time in the 24 months period.

 

Financial – Example

If you have a property worth R 1 million,  access up to R500 000 ( 50 % of the property value ) through the sale of your property, with the option to buy it back within 24 months.

 

Property Value                                   R 1 000 000

Less Debt :

   Bond                  R 300 000

   Credit Card       R 100 000

   Other Debt       R 100 000

Total Debt     –     R 500 000      –     R 500 000

Property Purchase Price                  R 500 000

Debt ( after transaction )                Nil

 

Rental      +/- R10 000 p/month for 12 months and +/- R11 000 p/m for months 13 to 24.

Option      Buy-Back price  R 600 000 ( within 12 months or  R720 000 – 12 to 24 months)  

 

DEBT CONSOLIDATION WITH PROPERTY

 

Explanations:

Debt Settlement using property, is also known as the Buyback Sale, Sale and Leaseback, Sale and Rent, Sale and Rent Back and even Rent to Own. Essentially you settle debt using property equity.

 

We also facilitate Bond Consolidation, Loan Consolidation and Debt Consolidation Loans for Homeowners. This is when you consolidate your debt into your bond, with home equity loans South Africa.

 

If you are looking for homeowner debt relief, a mortgage debt settlement or homeowner equity loan look no further. We can assist to pay debt.

 

Essentially, we buy homes to settle your debt and then you stay in your home and buy your home back, within 24 months. This also applies to all other types of properties.

 

FAQ’s

 

Can you assist if I have a bad credit profile

Yes. This is precisely who we can assist.

 

Can you assist if I have a good credit profile

Yes.

 

Is there a minimum and maximum home / property  value

No.

 

What is the maximum debt amount

50 % of the value of your home / property

 

How long does it take

A few days to a few weeks

 

How much does it cost

See example on home page

 

Can I stay on in my home

Yes

 

Can I rent my home  / property back after it is sold

Yes

 

Can I buy my home / property back

Yes, within 24 months

 

Is there any risk to me

No, as long as you abide by the Terms and Conditions of the Sale and Rental Agreement

 

What types of property can be used ?

All types.

 

What Documents Needed :

 

  • Proof of address
  • Latest municipal rates statement
  • 3 months bank statements
  • Latest bond statement
  • Credit check authority
  • Marital status confirmation
  • List of all other debt over R10 000
  • Proof of Income ( salary slips or business income)

  

Ideal Property Profile

 

Any type of property that has a bond of less than 40 % of the value of the property. Eg Property R 1 million Bond R 400 000.

  

USE PROPERTY EQUITY TO CONSOLIDATE DEBT

Use the Sale and buy back method.