What is Bridging Finance?
Bridging Finance is a short-term advance that is secured against a future income resulting from a transaction involving immovable property, being the sale of said property or the registration of a bond or further bond over the property.
Bridging finance is used in property transactions when the Seller/Owner or Agent needs access to their money before the transaction is registered in the Deeds Office. Although the interest rates on bridge loans are often higher than conventional loans, they are extremely convenient and can offer immediate assistance with business or personal cash flow. A bridge loan provides immediate funds which are then paid back once the transaction has been registered in the Deeds office.
Maintain stability within your personal matters or business with cash flow solutions in the form of Bridging Finance.