Get funding to kickstart your project or complete your development
Do you ever feel that your bank doesn’t share your vision for a project? Don’t let an opportunity slip away. Choose a trusted partner for your development and take the headache out of financing.
Prevance can provide property developers with a construction development loan/facility to kick start, construct and complete a small to medium size development project. As each development is unique, we try to think outside of the box to make the deal work.
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Get property development capital quickly and efficiently
- Funding is granted between R2m and R8m or higher in special circumstances
- If all the approvals have been received and positive pre-sales have been achieved, it makes the approval process easier
- The loan should be repaid in a few short months
- Each development finance facility application is assessed on its own merits
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Qualifying criteria
- You need to have a proven track record
- Security in the form of a first mortgage bond of a property with twice the value is required
- You need to have invested your own funds
into the development - A firm repayment timeframe and mechanism must be in place