Sunday, 22 October 2017
EASY | EFFICIENT | FAST

Commision Advances

COD BRIDGING FINANCE gives registered Estate Agents and Agencies up front access to 80% of their nett commission proceeds ordinarily only available to them on registration of transfer.

What COD BRIDGING FINANCE typically requires to assess such an application:

  • Copy of the sale agreement / offer to purchase
  • Proof of finance i.e. bond instruction and/or guarantees and/or proof of funds in Trust

COD BRIDGING FINANCE will pay out when:

  • COD BRIDGING FINANCE’s Credit Department has sanctioned the Agent or Agency, as the case may be
  • The Agent/Agency has signed COD Bridging Finance’s Master Discounting Agreement
  • If an “Agent commission” application, the Principal of the Agency concerned has consented to the Agent applying for bridging finance
  • All material conditions in the sale agreement have been fulfilled
  • 100% of the purchase price has been secured
  • A Letter of Undertaking or bank guarantee has been received from the transferring attorneys
  • COD BRIDGING FINANCE’s Credit team has approved the application

CONVEYANCERS / PARALEGALS:
WE TAKE THE ADMINISTRATIVE BURDEN AWAY BY COMPLETING THE PAPERWORK FOR YOU!

SIMPLY PROVIDE US WITH THE RELEVANT INFORMATION / DOCUMENTATION REFERRED TO IN THE BRIDGING CHECKLIST AND WE WILL DO THE REST.