• Empower Funding

Suspensive Conditions Met in Bridging Finance

Updated: Apr 5


One of the things that we need to have with bridging finance is something called all suspensive conditions met.



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What does that mean?







It means that you need to make sure that there are no fine print in the contract that basically says, this has to happen before the sale goes ahead.


An example of that could be, we need to get a bond.


If we're the buyers, we need to get a bond to buy the house.


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Only if we get a bond, do we buy the house, if we don't get a bond, we can throw away the contract it's over.


That's called a suspensive condition.


It holds everything up until the buyer gets a bond in our example.


So you will see in your agreement, when you buy a house, the sale agreement, there's a section called suspensive conditions.


It's either blank or it's filled out.


If it's filled out, we need to make sure that all suspensive conditions are met, everything is there.


And then when all suspensive conditions are met, we can start to look at bridging finance.



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So get in touch with us, even if they haven't been met yet so we can start the process and get you your money. Now.


Thank you very much.


Check out the Video Link Below








Gal Ezra,

Managing Director,

Empower Funding


021-140-3540

info@empowerfunding.co.za


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