Property Developers
LNK Invest Mortgage provides robust end-to-end and managed End-user Financing service to property developers facilitated through our strategic partnership with all the major & private banks as well as other lending institutions in South Africa.
Introduction
LNK Invest Mortgage has an ongoing Strategic Focus to continuously establish working partnerships with various Property Developers – providing to them either our an ad-hoc or turnkey end-user financing solution for all their development projects.
For property developers interested in partnering with us – they have the flexibility of choosing between two working two of our working arrangement options. Each being unique in nature and offering.
- Ad-hoc End-user Financing: This is flexible home financing services provided to the property developer as and when a deal is submitted or the need from the developers side arises. This is a flexible working agreement with the property developer. It is an informal arrangement.
- Formal End-user Finance Agreement: Contrary to our flexible working arrangement. The formal agreement includes a formally concluded MOA (Memorandum of Agreement) signed between the developer and LNK Invest Mortgage. This involves a tailored and a managed solution – which includes providing the property developer with an end-to-end End-user Financing Service for all development projects.
What are the Benefits of partnering with us
LNK Invest Mortgage collaboration between us and property developers brings with a number of benefits to those who decide to partner with us. Explained below is how the process works.
The company a strategic focus to continuously pursue establishing working partnerships with property developers – providing end-user financing services through either (1) an ad-hoc basis or (2) use our turnkey and managed solution, which is a formal working agreement signed between us and the developers for all their developments projects.
Ad-hoc End-user Financing
This is our flexible working arrangement – it enables property developer to work with us on an flexible and informal basis – whereby our Home Financing Services on an ad-hoc basis. LNK Invest Mortgage makes its team services available to the property developer as and when the needed arises.
Advantages
- With flexible arrangement – there are no signed or binding agreement in place.
- Developers work with us and submit deals for financing as and when the needed arises.
- All submitted fiance applications still get treated with the utmost priority and expediency necessary even under the flexible informal working arrangement.
Disadvantages
- The flexible working arrangement does not include the benefit of our managed service – where developers get assistance -this includes helping developer to get their developments registered with the banks and accredited for Pre-valuation Certificate and recognition as Bank Approved Developments for end-user financing.
- Registration with banks simply translates to expediency and priority status that approved developments receive from Banking Relationship Managers. In turn it ensures faster or quicker turn-around time, competitive rates and favorable terms where applicable.
Under the flexible working arrangement – the developer also looses out on the added advantage of our periodic training program designed to provide continuous training and industry insights about latest developments for the developers staff. This comes as a standard feature that is automatically available under our managed services agreement.
Advantages
- The arrangement is a formally signed and binding working agreements between LNK Invest Mortgage and the developer.
- A Key Account Manager is assigned as the main point of contact and correspondence between the our team and the developers teams. This ensure a consistent and uninterrupted communication flow and expedited between the developer and banking relationship managers.
- Status reports provided for the developer – with detail analysis on approval, rejections and NTUs.
- Developer staff are enrolled on our periodic training program – where our training facilitator trains the developer’s staff on the ABCs of home financing and industry insights. This is a standard feature under this working arrangement.
Disadvantages
- By virtue of this being a managed service , It requires the conclusion of a formal agreement; which becomes a signed and binding End-user Financing – MOA (Memorandum of Agreement) between LNK Invest Mortgage and the property developer.
Formal End-user Finance Agreement:
Contrary to our flexible working arrangement. The formal agreement includes a formally concluded MOA (Memorandum of Agreement) signed between the developer and LNK Invest Mortgage. This involves a tailored and a managed solution – which includes providing the property developer with an end-to-end End-user Financing Service for all development projects.
