When it comes to securing bridging finance, understanding the finer details of your sale agreement is essential.
A critical aspect we evaluate before issuing a bridge loan is ensuring there are no suspensive conditions in the deal. What Are Suspensive Conditions?
A suspensive condition is a clause in a contract that delays the transaction until a specific requirement is fulfilled. Here Is An Example:
If you’re buying a property, a suspensive condition might state that the sale is dependent on obtaining a bond. If the bond isn’t approved, the contract becomes void, and the deal falls through.
In the sale agreement, you’ll find a section labeled "Suspensive Conditions." It may either be blank (indicating no conditions) or filled with terms that need to be satisfied before the transaction can proceed.
Why This Matters for Bridging Finance
We can only begin to process your bridging loan once all suspensive conditions are met. That ensures the deal is secure and ready to proceed without delays.
However, don’t wait for these conditions to be cleared before reaching out! Contact us now so we can start preparing your application, ensuring a smooth process once all conditions are fulfilled. THEY CHARGE YOU LIKE A BANK. WE HELP YOU LIKE FAMILY.
No Hidden Fees, Just Results With no additional costs or hidden fees, what you see is what you get. Our straightforward process ensures your experience is easy, with clear pricing from start to finish. Ready to Fund Your Future Today? Whether you’re an agent awaiting commission or a seller ready to move forward, we’re here to get you your money quickly and efficiently!
WhatsApp us on - 082 956 9696
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Email us at: info@EmpowerFunding.co.za
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