Commercial Bonds

Commercial Property Finance Origination

Phoenix Bonds originates long-term bank funding for commercial property transactions for industrial, retail, offices & warehouses through our established network of banks and funding institutions for transactions that adhere to the following:

Property purchases for the purpose of either -

• Investment
• Owner-occupied purchases

Note that we cannot originate funding for the following types of purchases:

• Agricultural properties;
• Vacant land;
• Guest houses and lodges; and
• Schools, educational & religious institutions.

Our Commercial Lending Banks

We engage in direct origination of commercial facilities with the following banks:

• FNB Commercial; and
• Standard Bank Commercial 

Through our origination partner, Paragon Lending, we can also engage with the following banks:

• ABSA
• Nedbank
• Investec
• RMB
• Mercantile
• Bidvest
• Grobank/Bank of Athens
• Sanlam
• Futuregrowth
• Old Mutual

Commercial Lending Criteria

Affordability

• Investment: Based on net rental income
• Owner-occupied: Based on cash flows of operating company

Loan term

Generally, 10 years or less.

Loan-to-Value (LTV) Criteria

• 60 to 100%, depending on whether the property will be used for investment purposes or owner-occupied; and
• minimum and maximum lend will depend on the bank/financial institution’s credit criteria.

Minimum Information Required

Details on the commercial property

• Signed OTP
• Lease agreements in place
• Valuations (if available)

Details on the juristic/borrowing entity

• Financials
• Bank statements (at least 3 months)
• Company registration documents
• FICA documents

Details on all Directors/Members/Trustees

• FICA documents;
• CVs (sometimes requested);
• Payslips (if applicable);
• Personal Balance sheet;
• Personal statement of income and expenses; and
• Bank statements (at least 3 months).