Assetline Capital offer a number of innovative bridging finance and loan solutions.
Property Sale Rates & Taxes Advance
“Sold your property but have no free cash for your rates clearance? – We can help you now”
In South Africa, when immovable property is sold, one would only receive the proceeds of the sale on registration of transfer from seller to the purchaser. It is very common that the South African municipal authorities require a downpayment of up to 6 months of rates and taxes to be paid before a clearance is issued. Assetline understands the cash constraint this can have on sellers and have devised a simple way of bridging the short term gap for you. Assetline would pay out up to 100% of the quoted clearance figures. Want to find out more? Get in touch with us.
Sellers Equity Advance
Property Sale Equity Advance In South Africa, when immovable property is sold, one would only receive the proceeds of the sale on registration of transfer from seller to the purchaser. Assetline’s sellers equity advance, usually pays out around 75% of the net proceeds to the seller ( subject to the settlement of existing bonds and related expenses) and once the buyer has secured the purchase price.
Advance of Estate Agent Commission
If you are an estate agent and have commissions pending settlement. Assetline can advance your commission so you have greater control of your cash flow enabling you to focus on closing more deals. We can advance up to 75% of the nett commission once the purchase price has been secured by the buyer.
Founded in 2012, Assetline enables customers to borrow against their high-end personal assets, in an online environment that is confidential, discreet, flexible and secure.
Our loans are from 3 month to 12 months. We are able to fund up to R20,000,000 per individual transaction.