FNB commercial loans – Real estate and property remain one of the most profitable and secure business. For commercial business enterprises, ownership of property provides a solid foundation to grow strong businesses. The significance of property in what prompted South Africa’s First National Bank (FNB) to take a leading role. The FNB commercial property finance is divided into property investor and owner occupied categories.
Property investor finance is tailored for those looking to acquire or refinance office, industrial, retail or residential properties for investment purposes. Using this facility,clients can pay loans at their convenience with loan terms running up to 10 years and you get access to flexible and efficient business financing processes and tailor-made deal structures. To qualify for this credit facility, FNB demands that a client submits background information of existing commercial property portfolio, details of shareholding of the property holding company and main trading entity, signed purchase agreement, details and description of property, rent-roll of subject property and schedule of expenditure detailing operational expenses for the subject property.
The FNB owner occupied finance allows the client to own the office, industrial or retail building from which your business operates. This credit facility comes with a 10 year repayment term and you get access to flexible and efficient financing processes and tailor-made deal structures. As part of the qualification criteria, FNB demands documents such as information of your business, signed purchase agreement, 3 months bank statements for main trading account of the business on which affordability is assessed, management accounts to date for the main trading entity in cases where audited financials are not available, updated financial statements for the property holding company and main trading entity.
To access this commercial property finance, FNB can be contacted on 0860362273.