Often property transfers take longer than anticipated and property sellers require some of the funds prior to transfer of the property.
Once the purchase price has been secured by your purchaser, 5th Quarter Capital may be able to advance you up to 75% of the net proceeds.
The repayment of the amount advanced is made by the transferring attorneys once the property has been transferred.
The funds can be used for any purpose, which may include the rates required to be paid to the city council before the transfer of the property can be finalised, or for a deposit on your next property purchase.
To apply for a property sellers advance, or for any additional information, please contact us.