Bridging finance is short term finance that you need normally because your money is locked in a property transaction. The repayment is made in full when the property transaction concludes.

For example if you are a property seller and have money due to you when the property transfers from your name to your buyer’s name, Rodel can assist with an advance on this money – we call that bridging finance.
The conveyancing process to register the transfer of a property in the deeds office typically takes 60 to 90 days from the date the sale agreement is signed to when the sale is registered. The property seller would only receive their money from the sale when registration occurs, but may need their money beforehand.
Real estate agents or commercial brokers may also need bridging finance on their commission because of the time required to transfer a property.

Although you may spend the money on similar things to a personal loan, bridging finance is very different.
Firstly you don’t have the burden of paying it off monthly for a number of months (e.g. 12 to 24 months.)
Secondly it relates to a one-off property transaction so is settled in full when the deal settles.
Thirdly it is normally out for a much shorter time – on average only 45 days.

There is no transaction too large or too small. Rodel can advance up to 85% of the amount due to you when the property registers in the deeds office.

Example: If you are a seller
You have sold for R1,000,000
Your bond and agents commission and other costs total: R600,000
Net due to you on registration: R400,000
Rodel can advance up to 85% of the R400,000 or in this case R340,000

Example: If you are an agent or broker
If the commission due to you is R50,000 (excl. VAT), you could access 85% of the R50,000 or R42,500
Example: If you are a bond applicant
You have been granted a further bond of R500,000
Your bond registration and legal costs are say: R15,000
Thus the net amount due to you on registration is: R485,000
Rodel can advance 85% of the R485,000 now, which is R412,250.

• Signed sale agreement
• Purchase price must be fully secured – Proof of cash / bond instruction / guarantee
• Cancellation figures
• Latest rates account / rates figures

Once these items are in place, they are submitted through with the relevant attorney’s undertakings to process for assessment.

Costs are dependent on the duration and size of the deal. If you would like a quote please click here or contact us on 031 303 7722.

If you need any assistance completing the form please contact us on 031 303 7722 or support@rodel.co.za.

Property Seller Finance
Normally the Rodel application form is completed by the seller’s transferring attorney and signed by the seller. Thereafter Rodel’s credit department will assess the transaction and depending on the value may need to view certain transaction documents. Once the deal is approved payment can be made.

Agent Commission Finance
Complete the one page application form
Once completed please ensure it is signed by you and the principal of the agency. Then send this with the sale agreement to info@rodel.co.za
Rodel’s credit department will quickly assess the deal and once we have an undertaking from the transferring attorney will be ready for payment.
The key criteria are purchase price secure and suspensive conditions met.

Bond Applicant Finance
Normally the Rodel application form is completed by your attorney and then signed by you. Thereafter Rodel’s credit department will assess the transaction and depending on the value may need to view certain transaction documents. Once the deal is approved payment can be made.

We strive to pay out your deal as quick as possible because we know how important it is to you.
75% of our deals are paid within 24 hours.

Unfortunately we don’t offer bridging finance against pension pay-outs. Have a look at our asset-backed option though as it may meet your needs.