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For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

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For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

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Documents needed


  • Background information of your existing commercial property portfolio
  • Details of shareholding of the property-holding company and main trading entity
  • Signed purchase agreement (where applicable)
  • Details and description of property i.e. erf description, extent of stand, extent of improvements, type of improvements, street address
  • Rent roll of subject property, indicating the following per tenant: tenant details, gross leasable area (GLA), lease period, lease escalation, rate/m2, gross rent
  • Schedule of expenditure detailing operational expenses for the subject property

Documents needed


  • Details of shareholding of the property-holding company and main trading entity
  • Signed purchase agreement (where applicable)
  • Details and description of property i.e. erf description, extent of stand, extent of improvements, type of improvements, street address
  • Detailed track record of developments completed
  • Feasibility study of proposed project indicating all relevant development costs, proposed income, VAT component, projected profit
  • Detailed costing including Priced Bill of Quantities (if available)
  • Detailed schedule of finished development and specifications
  • Copies of draft/ approved site development plan (SDP), building plans / general plan / subdivision diagram / engineering designs
  • Zoning certificate indicating approved use for property
  • Environmental Impact Assessment (EIA) / Record of Decision (ROD) from relevant authority / Conditions of Establishment (COE) / services agreement with local authority in case of township establishment
  • Any other relevant studies / reports, e.g. geotechnical report and traffic impact assessment
  • Proof of availability of bulk services (water / sewerage / electricity)
  • A detailed list of professionals that will be involved in the project and CVs on each

Key considerations for success


Get the balance right between input and income


What are the key considerations for success when considering property ownership?

For owner-occupied property


Get it to suit your business needs


Client

  • Credit history of the client
  • Proposed level of equity contribution toward investment or development

Property

  • Location and condition of the property

Affordability

  • Financial statements and behavioural information for banked clients to support affordability
  • Formal valuation to support suggested gearing level
  • Our approach is mainly focused on cash flow lending
 

For property investors


Invest to let

Client

  • Experience in the property investment or development market with a focus on existing infrastructure to manage investment properties / deliver the finished product when developing
  • Credit history of the applicants
  • Equity contribution proposed toward investment or development

Property

  • Location and condition of the property
  • Market demand for the investment property / proposed product offering in case of the development, e.g. 'let-ability' or 'sale-ability'

Affordability

  • We will assess the level and sustainability of the cash flow over the loan period and the sureties' ability to subsidise any potential shortfalls
 

For property developers


Develop to let + sell

Client

  • Experience in the property investment or development market with a focus on existing infrastructure to manage investment properties / deliver the finished product when developing
  • Credit history of the applicants
  • Equity contribution proposed toward development

Property

  • Location and condition of the property
  • Market demand for the investment property / proposed product offering in case of the development i.e. 'let-ability' or 'sale-ability'

Affordability

  • We will assess the sureties' ability to subsidise any potential shortfalls i.e. servicing of monthly interest, cost overruns during construction period and other cash flow shortfalls

Delivery

  • The developer's ability to deliver the proposed product within budgetary and time constraints and workmanship of an acceptable quality
  • We will assess the client's track record, the appointed professional team, and contractor appointed to undertake the construction work

Take-out

  • We will assess the proposed take-out of the project by scrutinising the market demand for the proposed product offering at the suggested price
  • In case of residential development, this assessment will be done in consultation with FNB Homeloans
 

For residential property investment


Invest or develop to rent

Client

  • Experience in the property investment or development market with a focus on existing infrastructure to manage investment properties
  • Credit history of the applicants
  • Equity contribution proposed toward investment or development

Property

  • Location and condition of the property
  • Market demand for the investment property / proposed product offering in case of the development i.e. 'let-ability' or 'sale-ability'

Affordability

  • We will assess the level and sustainability of the cash flow over the loan period and the sureties' ability to subsidise any potential shortfalls