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> 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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