Commercial Property Finance

Business Partners earn a percentage (60%, 70%, or 90%) of any money paid to the company by service providers, based on the Business Partner Package.

It is important to make sure that you explain to your clients how the application process works and to make sure that your Business Partner Code / Full Name is on the application form.

For every fully processed and paid out Commercial Property Finance Application submitted under your Business Partner Code, a percentage driven commission (0.25%) of the loan will be paid to the Business Partner at the package percentage.

Example

R 3 000 000 Commercial Property Finance Loan, Approved and Paid out to your client

0.25% commission paid to Ubuntu Connect from the Service Provider

= R7 500.00

 

As a Go Getter Business Partner you will earn 60% of R 7 500.00 = R 4 500.00

 

*** All other Business Partners earn their share based on the Business Partner package owned.

This service may be marketed in anyway, so think out of the box and place ads in newspapers, magazines, distribute flyers, business cards, place ads on the internet and visit South African forums to let people know that you can assist them with their Commercial Property Finance Application. The service is ideally aimed at the following groups:

• Preferably credit worthy clients and businesses
• Entrepreneurs
• New developments
• Private companies
• Trusts and Close cooperation’s.

In this industry I cannot stress the importance of referral business and word of mouth marketing, so as soon as you are ready, start letting people know that they can approach you for the best customer service when it comes to looking for Commercial Property Finance and let them know that you will go out of your way to assist them. Some ideas to get you started, approach:

• Person to person
• Family and friends
• Events and gatherings
• Entrepreneurs
• Investors

Every application will require the following, up to date supporting documentation, which must emailed through to the office with your Business Partner Code and client name clearly indicated.

Applications without supporting documentation will be terminated without further communication, so please ensure that the step by step process below is followed to ensure the speedy process of your applications.

Please note : NO Further Advances may be submitted on existing Standard Bank Commercial finance facilities. Therefore, no commission will be payable.

Documents required for Commercial Property Finance Lead Generation

(May be varied and supplemented from time to time)

For Owner Occupied/ Owner Serviced Transactions

• A copy of an accepted sale agreement / offer to purchase in respect of the subject property (if applicable);
• If the Lead already owns the property and has a bond with another bank, the latest 3 (three) months of bond statements;
• If the Lead is not a Standard Bank client, the latest 3 (three) months bank statements;
• A copy of the latest rates and taxes for the subject property/(ies);
• A company profile for the property-owning entity (“PROPCO”);
• A company profile for the Lead’s operating company / trading entity (“OPCO”) which intends to occupy the subject property/(ies);
• A copy of the latest set of audited financial statements for the PROPCO;
• Copies of audited financial statements for the OPCO which intends to occupy the subject property/(ies) for the last 3 (three) trading periods, plus the latest management accounts;
• A CV / brief background on all shareholders of the PROPCO and the OPCO;
• Statements of assets and liabilities for each of the shareholders / members and / or directors of the PROPCO and OPCO (signed and dated);
• A copy of the valuation of the subject property/(ies) (if available);
• A copy of the company registration documentation together with applicable memorandums of incorporation or articles of association, as the case may be, for the PROPCO and the OPCO.

For Investor/ Tenanted Transactions

• A copy of an accepted sale agreement / offer to purchase;
• If the Lead already owns the property/ (ies) and has a bond with another bank, the latest 3 (three) months of bond statements;
• A completed and up to date rent roll regarding the tenancy of the subject property/(ies);
• A copy of the latest rates and taxes for the subject property/(ies);
• Arrears report on tenants, if applicable;
• A company profile of the PROPCO;
• A CV / brief background on all shareholders of the PROPCO;
• Statements of assets and liabilities for each of the shareholders / members and / or directors of the PROPCO (signed and dated);
• A copy of the valuation of the subject property (if available).
• A copy of the company registration documentation together with applicable memorandums of incorporation or articles of association, as the case may be, for the PROPCO and the OPCO