This solution is suitable for residential property developers who are unable to access traditional funding but need liquidity to progress projects.
FINdy partners with property developers by providing the necessary funding to progress their developments to a stage where they can obtain bank finance and/or sell their properties.
We aim to add value by staying involved in the development from start to end, adding value to the design, construction, marketing, sales and conveyancing processes.
Minimum Requirements
Eligible clients: Juristic person with an annual turnover or asset value of more than R1 000 000 (as defined in the National Credit Act).
Development status: Zoning and other statutory approvals must be in place.
Facility: R300 000 – R10 000 000.
Loan to value: Maximum 50% loan to value.
Our Security: First covering bond over the property (excluding primary residences).