Bridging finance
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Bridging finance
SOUTH AFRICAN PROPERTY BRIDGING FINANCE
Between the moment you sell a property in South Africa and the day it is officially registered in the name of the new owner at a Deeds Office, it could take three months or even longer.
You must wait throughout this period for the settlement of the sale’s worth. You can “bridge” the difference with the use of property bridging finance.
WHAT IS PROPERTY BRIDGING FINANCE?
Cashlink Finance offers a short-term finance solution that is quick and easy to arrange.
You could be able to pay expenses with this form of financing, allowing the transaction to go through. For instance, these Costs could include unpaid property taxes or municipal liabilities. It can also be used as a bridge. financing for a home purchase to pay for the costs of purchasing and moving into a new residence yourself.
For a business owner, bridging finance refers to short-term funding to cover costs while you wait for expected funds to be released. In this way, bridging finance is a cash advance to you.