Commercial Bonds

Commercial Bonds

  • Commercial Bond Application

  • Filename

    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

    • 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).