Despite subdued economic growth in South Africa lately, the retail property sector has maintained momentum. This sector has also helped the overall property market retain its reputation as a key economic driving force in the country. Bidvest is a highly successful financial institution with years of experience in this industry. Its property finance products are competitively priced and are designed to guide clients towards solutions that best suit their needs.
Its commercial property finance division allows clients to renovate commercial, industrial or retail property, or to re-finance an existing funding structure. As a niche bank, Bidvest serves both businesses and individuals. They say, “As a niche bank, our superior service is complemented by our dedicated focus on your personal business needs.”
Bidvest’s commercial property finance is best suited for investors in commercial, industrial and retail property, businesses that wish to buy premises they currently rent or lease. Owner occupiers of commercial property looking to make improvements can also benefit from this type of finance.
The maximum term is 10 years and the maximum capital amount is R200 million.
Whether renovating a property or re-financing an existing fund structure, processes are explained step by step. The property in question serves as security for the loan.
The application process is straight-forward. Clients contact Bidvest by email or by submitting an online form. Thereafter Bidvest arranges an appointment with the client and information regarding the property is obtained. Once approval in principle has been received, an independent valuation of the property is done and loan arrangements are finalised.
Bidvest promises a professional, efficient approach to assisting clients. Their commercial property finance is a useful option for the South African market.