COD Bridging Finance

COD Bridging Finance is part of the Attwood Group, a company with over 20 years of excellence in their field of property investment and development, asset management as well as hospitality.

COD has allowed the group to extend their services to those in need of quick, reliable, short-term finance.

Their directors and department heads offer a mix of expertise and experience which the company has leveraged to push ahead of the competition and lead the bridging finance industry with excellence.

Short-term bridging finance

Their primary offering is short term property bridging finance which strives to offer professionals and every day South Africans access to finance while they await a property related transaction.

Secured business loans

In addition to bridging loans, they also offer secured business loans of up to R250,000 to businesses and trusts for terms of between 6 and 9 months.

These loans are ideal for businesses which already have a number of business finance products and require an additional working capital boost. Security is typically offered in the form of a property bond.

COD Bridging Finance offers bridging loans with loan terms ranging from 2 to 3 months.

These loans are ideal for those awaiting the registration of a property in the Deeds Office but need immediate access to cash to cover costs and expenses.

Property bridging loans are available to:

• Sellers of properties awaiting registration and payout
• Buyers of properties awaiting the payment of a bond
• Estate agents and principals awaiting the payment of commission due
• Advances on bonds

Property bridging loans for buyers

If you're purchasing a property and require a loan to cover your transfer and bond costs, COD Bridging Finance can help. You need to provide them with a bond acceptance agreement, the offer to purchase and an attorney’s statement of account to secure this type of bridging loan.

Property bridging loans for sellers

If you’ve sold your property and your buyers have secured finance, you can obtain a loan of up to 80% of the surplus sale proceeds. This means that if you’re due a credit after settlement of your bond of R400,000 you may apply to obtain a loan of up to R320,000.

To obtain a property bridging loan as a seller you must provide COD Bridging Finance with your offer to purchase, proof of finance, bond settlement certificate, a rates and taxes statement or clearance certificate and a levy statement in the case of sectional title properties.