Developer Finance

As a property developer, you may encounter financial strain during the final stages of your project, especially with tighter lending criteria from commercial banks and delays in unit transfers.

How Rand Connect Can Help:

Standard Bridging Finance:

• Cash Advance: Obtain a cash advance on completed sales with occupancy certificates, even if transfers have not yet been registered.
• Phase Transition: Secure financing if Phase 1 is complete and sold but transfer is pending, allowing you to start Phase 2.

Property-Backed Bridging Finance:

• Flexibility: More adaptable as units do not need to be completed.
• Security: Use unbonded property as collateral to secure a 6-month bridging loan.
• Repayment: The loan does not require servicing during the term but is repaid in a single lump sum at the end of 6 months.
• Usage: This can be utilized to complete work to a specified level, facilitating the release of subsequent mother-bond funding.