Property Traders – unlock your portfolio growth!
Get more buying power for property auctions.
This product is designed to facilitate taking advantage of property auctions.
Access your equity quickly and efficiently
- Facilities available between R500,000 and R5,000,000
- Cash flow stresses are a thing of the past – trade more properties at the same time
- No interest is charged before the payout, and no pressure to sell the property before taking transfer
- Allows time to market the property properly to get the best price or renovate the property if necessary
- Confidence that you can secure the purchase price in the required time frame without penalties
- An unencumbered property over which Prevance will register a first mortgage bond as security
- The borrower (client) must be a juristic person i.e. a company or close corporation
- Financial statements and other financial information will assist the process
- Prevance is repaid once the property is resold and the transfer takes place – repayment should take place within 6 months