New Heights Finance is a specialist provider of financing solutions, finance risk solutions and a systems improvement administrative processing centre.

If you’re looking for bridging finance, New Heights Finance may be an ideal solution for you.

New Heights Finance is able to provide quick bridging finance solutions because they have access to various bridging companies who offer this type of credit. Commercial bridging finance can also be arranged.

Services offered by New Heights Finance:

• Property-related bridging finance
• Property- secured bridging
• Borrow against property
• Loans against assets
• Home loan bridging
• Agents Commission
• Transfer Duties
• Outstanding Rates
• Sales proceeds

Tell me more about borrowing against an asset:

This is a short term loan whereby an individual can borrow against a sold asset. If you have sold a property and there is a profit in the transaction, then up to 80% of the proceeds of the sale or sale proceeds can be advanced, loaned, bridged, lent or financed to you within 24 hours of the transferring attorney having issued the undertaking that the sale transaction or purchase transaction is secure and can proceed.

Essentially, the bridging loan is a short term cash loan that bridging loan lenders advance to you, while you wait for the property to be registered.

The full purchase price must be secure to enable a bridging loan to be approved.

Loans against property can be facilitated for amounts ranging between:

R250 000 to R2 million

R2 million to R5 million

R5 million to R50 million

Unbonded Property:
If property is paid in full, NHFinance will facilitate a loan taken against the property, which is considered secure lending.
Secured Loans:

Loans against houses can be regarded as secured property loans. These are reasonably quick and easy to secure, if you demonstrate the ability to pay back the loan within 12 or 24 months.

Other assets:
NHFinance can also facilitate a loan against other property, such as against jewellery.
To contact NHFinance, visit their website www.nhfinance.co.za and fill in an email form.