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Property Bridging Finance

> Loans

Finance In Motion in conjunction with Invela Financial Corp offers you tailored financial products.

Been rejected at a financial institution? Don't be embarrassed, you're not alone. Most people or companies applying for finance are rejected.

Invela Financial Corporation are dedicated to understanding the individual needs of each client and to providing tailored solutions to your needs. They are a specialist finance company with a range of financial products aimed at optimising and improving our clients' cash flow and working capital efficiencies.

PRODUCT 1

PROPERTY BRIDGING FINANCE

The Invela 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.

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 R1.20 per R1,000 per day but this amount may vary based on the size of the transaction.

Apply For Property Bridging Finance

Example

Property Selling Price R 500,000.00
Less: Bond Cancellation Amount R 200,000.00
R 300,000.00
Less: Agents Commission R 35,000.00
Less: Attorney's Fees R 25,000.00
Less: Rates and Taxes Due R 7,500.00
Net Surplus Available R 232,500.00
Amount Advanced - Maximum 80% of Surplus R 186,000.00
Assume that the number of days the advance is outstanding before the transfer takes place is 30 days.
The calculation for the amount due is as follows:
Amount Advanced R 186,000.00
Discount Fee (R186x30xR1.20) R 6,696.00
Total Cost R 6,696.00


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3/4/2010 3:19:36 PM