PROPERTY AUCTION FUNDING
- No interest is charged before payout
- Enables the client to take full advantage of an opportunity as it presents itself
- Client has “fire power” to bid knowing he can come up with the funds
- Confidence that the client can secure the purchase price in the required time frame without penalties
- No pressure to sell the property before taking transfer
- Allows time to market the property properly to get the best price
- Enables time to renovate the property if necessary
- Cash flow stresses are a thing of the past
- Enables the client to trade more properties at the same time than currently can be achieved
Loan Facility provided to enable a buyer to bid at an auction.
Prevance has designed a product whereby a loan can be provided to facilitate taking advantage of an opportunity where funding is required and need working capital quickly and efficiently. The banking system may take too long to process a loan application and activate such loan.
Where the potential borrower is confident that they can repay the loan within an agreed few months and is able to demonstrate such ability, a Prevance term loan may be the answer.