Why Choose Us?

• We offer same day rapid response service from application to funding.
• Highly competitive rates
• Once documents are in place most deals are funded in less than 24 hours.
• Easy to fill in application and forms.
• Our products and services are National Credit Act compliant.

We Offer 4 Core Property Bridging Finance Products

• For Property Sellers - You need your profit early
• For Property Buyers - You need an advance for transfer duties and rates/taxes
• For Estate Agents - You want your sales commissions early
• For Bond Switchers - You need surplus funds early

Property bridging finance gives you access to your funds early from a property transaction which may only be due to you at some future date.

For example, a seller of a property is typically paid the proceeds of the sale upon registration of transfer of the property into the name of the purchaser. This can be a lengthy process so Invela accelerates payment to the seller by purchasing, at a discount, the seller's proceeds under the deed of sale. This allows the seller access of cash flow to be used to fund the acquisition of his next property.

The Process Is Simple

• Fill in the application form - Click here for the application form
• A representative from Invela Finance will contact you, discuss the transaction with you, and send you an application form.
• You will need to fill in the application form with the assistance of your conveyancing attorney, or we will complete the application form together with your conveyancing attorney on your behalf
• Fax the completed form through to Invela

It's as simple as that.

Cost Of The Transaction

Many bridge finance companies in the market place charge fees higher than allowed by the National Credit Act. Fortunately, Invela is looking out for the consumer so we have set our fees to be among the lowest you can find and well below the maximum allowed by the National Credit Regulator.

Invela Financial Corporation offers property sellers, buyers and bond "switchers" access to 80% of the value of the net surplus proceeds of their transaction. Our standard discount fee is R1.1808 per R1,000 per day plus a 1.5% initiation fee (minimum R150, maximum initiation fee of R1,000 excluding VAT). Actual fees may be negotiated lower if the size of the bridge loan is large. See the example transaction on the next page for a description of the cost calculation.

For estate agents, we will advance 65% of their pending sales commission. Also, our standard rate for agents is R1.00 per R1,000 per day plus initiation fees as described above.

Example

Apply For Property Bridging Finance

Property Bridging Finance Procedure and Documentation Required

Bridging Finance on Equity in Property Sale Transaction

• Sales agreement with all suspensive conditions met
• Proof of funds equal to the purchase price
• Copy of the rates clearance certificate

Bridging Finance on New or Additional Bonds

• Bank's bond approval letter (All conditions met)
• Bond cancellation figures if applicable
• Rates Certificate

All transfer and bond documentation must be signed.