Secure an advance from the sale of your property or the settlement of a Road Accident Fund claim.
Selling your property doesn’t give you access to capital as quickly as you might like. In fact, there may be unexpected costs that need to be paid prior to the sale taking place.
Lamna will bridge the sale process and provide you with a bridge loan of up to 75% of the available funds on transfer until such time you receive the proceeds from the sale.
Lamna will also provide the bridging finance you require to pay rates and taxes or other costs which need to be paid to make the sale happen so your sale can go through.
Lamna will be able to assist once the full purchase price is in place and all conditions have been met.
Documents required for property bridging loans:
- Signed deed of sale
- Signed transfer documents
- Guarantees for purchase price
If your attorney has settled a claim against the Road Accident Fund, it can still take months to receive your award.
Lamna can bridge the time it takes to receive your payout with a specifically approved bridging finance loan against the claim until such time as it pays out
Documents require for Road Accident Fund Bridging Loans:
- Settlement agreement or Court Order with the Road Accident Fund