Monday 18th of October 2021
EASY | EFFICIENT | FAST

Bond Advances

COD BRIDGING FINANCE provides owners of residential or commercial properties with approved new or further bonds, up front access to 80% of the nett bond / loan proceeds that would ordinarily only be available to them on registration of the bond.

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

  • Copy of the bond instruction
  • Bond cancelation figures (if switchbond involved)

COD BRIDGING FINANCE will pay out when:

  • The client has signed COD BRIDGING FINANCE’s Master Discounting Agreement
  • All suspensive conditions pertaining to the bond grant have been fulfilled
  • A Letter of Undertaking or bank guarantee has been received from the bond 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.

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