BRIDGING FINANCE
BRIDGING OPTIONS
Estate Agent
The sale has been made, papers have been signed, and they are off to the deeds office! The completion of the sale, as we know, may take 2-3 months and your commissions will only arrive then.
Why wait?
Empower Funding will advance that money, and when the sale goes through, we will get paid our money back.
Seller
So you’ve sold your property and money is due to you upon completion of the sale.
This may take 2-3 months. In that time, you may need the funds sooner than that in order to buy your next home or for other purposes.
Empower Funding will advance that money, and when the sale goes through, we will get paid our money back.
Buyer
You’ve bought a new property! Congratulations! Besides the cost of the property, there are other amounts due such as transfer duties.
For many people this cost is more than expected and may impede your cash flow until the funds from the bond arrive.
Empower Funding will advance the funds, and when the bond is issued, we will be paid back.
HOW IT WORKS
SOLD
A HOME HAS BEEN SOLD
YOU AND YOUR TRANSFERRING ATTORNEY FILL IN SIMPLE PAPERWORK
THERE IS A 2-3 MONTH WAITING PERIOD IN ORDER TO RECEIVE THE PROCEEDS FROM THE SALE
YOU, THE CLIENT, DON'T WANT TO WAIT, SO YOU ASK EMPOWER TO BRIDGE THE FUNDS
WITHIN 24 HOURS, WE SEND YOU YOUR MONEY
UPON TRANSFER, YOUR ATTORNEY PAYS US BACK PLUS INTEREST
THE COST
WE TAKE PRIDE IN BEING THE MOST AFFORDABLE BRIDGING COMPANY ON THE MARKET.
WE WILL MATCH OR BEAT ANY LEGITIMATE QUOTE, GUARANTEED.
Try Out The Empower Cost Calculator
Our Charges:
R1 per R1,000 per day.
No other fees whatsoever.
Here’s How It Would Work:
You receive R100,000 as bridging finance from Empower Funding.
At a cost of R1 per R1,000 per day your daily cost is only R100.
If you needed this bridging finance for 30 days, your total cost would be R3,000 only on R100,000.
And you didn’t have to wait!