PROPERTY BRIDGING FINANCE

ABOUT GAP BRIDGING SOLUTIONS

GAP BRIDGING SOLUTIONS is a property bridging finance company that offers specialised short term bridging finance for Sellers, Buyers and Property Agents. We accomplish this by advancing our clients cash in order to immediately cover their cash flow and costs thus avoiding the stress of waiting for property transfers and pay-outs.

Our Services

The new standard in BRIDGING FINANCE

We are a provider of bridging finance services for real estate professionals and property owners in South Africa. 

Seller Advance

GAP Bridging Solutions can cover relocation costs, settlement of arrear rates, repairs or transfer duty on a new property, bridging the GAP and doing away with the stressful waiting period.

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Finances

1) We advance up to a maximum of 80% of the nett sale proceeds.

2) Our rate is 0.15% per day

3) We charge no admin fees.

Requirements

1) Any and all cash portions of the purchase price must be held in the Attorneys Trust Account.

2) Guarantees must be in place.

3) All suspensive conditions must be fulfilled ( as well as those in financially linked transactions)

How to apply

We need the following to be sent to us via email to apply@gapbridging.co.za

1) Completed Application Form 

2) A Copy of the offer to purchase

3) Identity documents

4) Proof of address

5) Proof of Banking details where funds are to be paid.

We will then contact the Conveyancer directly and obtain the necessary supporting documents.

PLEASE NOTE that if the seller is a Company/Trust/Close Corporation we require a Resolution and Guarantee.

AGENT ADVANCE

GAP Bridging Solutions has the means to ensure that Estate Agents have the steady cashfow by bridging the GAP between the sale and registration enabling the Agent to maintain their Monthly accounts and Debit orders.

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First time Applicants

If you are applying for the first time, we require the following documents once-off:

1) Initialled Terms and Conditions

2) Identity Documents

3) Proof of home address

4) Proof of Banking Details

5) Current Fidelity Fund Certificates: Agent, Agency, Principal.

Finances

1) We advance up to a maximum of 80% of your nett commission.

2) Our rate is 0.135% per day (being R1.35 per R1000 per day)

3) We charge no admin fees.

Requirements

1) Any and all cash portions of the purchase prices must be held in the Attorneys Trust Account.

2) Final Bond Approval must be in place.

3) All suspensive conditions must be fulfilled (as well as those in financially linked transactions.)

How to apply

We need the following to be sent to us via email to apply@gapbridging.co.za

1) Completed Application Form

2) A copy of Offer to Purchase

We will then contact the conveyancer directly and obtain the necessary supporting documents.

Bond Advances

If you are taking out a first or further Mortgage Bond on your property then GAP bridging Solutions can bridge the GAP for the period between Bond Approval and Bond Registration.

APPLY NOW

Finances

1) We advance up to a maximum of 80% of the nett sale proceeds.

2) Our rate is 0.15% per day

3) We charge no admin fees.

Requirements

1) Any and all cash portions of the purchase price must be held in the Attorneys Trust Account.

2) Guarantees must be in place.

3) All suspensive conditions must be fulfilled (as well as those in financially linked transactions)

How to apply

We need the following to be sent to us via email to apply@gapbridging.co.za

1) Completed Application Form

2) A Copy of the offer to purchase

3) Identity documents

4) Proof of address

5) Proof of Banking details where funds are to be paid.

We will then contact the Conveyancer directly and obtain the necessary supporting documents.

PLEASE NOTE that if the seller is a Company/Trust/Close Corporation we require a Resolution and Guarantee.

24hr Turnaround time

GAP Bridging Solutions streamlines the transfer process by releasing the funds required for rates, transfer duty, deposits, compliance certificates or repairs which would otherwise only be available after registration.

We aim for a 24hr turnaround time in every case and all depends on correct information being supplied by our clients and timeous receipt of supporting documents from Conveyancers.

What our clients say…

TESTIMONIALS

 

Thank you your seamless approach to bridging agents commission. The application process is simple, decisions are made quickly and turnaround time from application to payout is quick. I highly recommend the services of GAP to any agents looking to advance commission.

Carol Captain

Principal - Captains Estates

Just want to thank you for your assistance in my transactions and the exceptional turnaround time from application to payment. You are always quick to reply and knowledgeable about the process, which is quick and seamless. I will most certainly refer you to clients and agents for their bridging finance needs.

Samantha Jacobs

Conveyancing Paralegal - Dykes Van Heerden

I applied for a sellers advance and was paid out within 24hrs.

Thank you GAP team, service was awesome.

Definitely a company to recommend.

Lynn Wiggins

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