Products Available
- Residential + Commercial Deposit Bonds
- Commercial Lease Bonds
Residential + Commercial Deposit Bonds
Buying a property and don�t want to tie up your deposit money or don’t have the deposit? 21st Century Finance can set up a Deposit Bond to represent your deposit for your next residential or commercial purchase.
This is not insurance, but rather a form of financial instrument or guarantee which can represent your deposit until settlement when buying a residential property.
When purchasing a property, it is common practice to lodge a cash deposit of up to 10% of the purchase price with the vendor’s solicitor as security. For a small fee, an EquityBonds Residential Deposit Bond can be used in lieu of the cash deposit and guarantees the Vendor that you will pay your deposit on the day of settlement.
The Deposit Guarantee Bond can be used for all or part of the deposit required up to a maximum of 10% of the purchase price.
Commercial lease Bond
A lease bond is a contract between three parties:
- landlord
- tenant and
- surety underwriter.
The lease bond may be held by the landlord in lieu of a cash security deposit, letter of credit, or a personal or corporate guarantee. It serves as security for the tenant�s full and complete performance of the financial terms of its commercial lease.
Commercial Lease Equity Bonds are offered in 1-5 years.
Features & Benefits
Cash Flow
If a cash deposit has already been used to secure a leased property, why not consult your landlord and exchange it with a Commercial Lease Equity Bond. This gives you access to more working capital or more opportunities for investment.
Convenience
With a Commercial Lease Equity Bond there is no need to borrow against an existing property to access equity or go through the laborious process of organising a bank guarantee. With an Equity Bond, the working capital will remain working.
Assessment Criteria
Equity Bonds experienced commercial lease assessors understand client’s business and financial needs. Meaning, the assessors are able to identify strong customers which makes it easier to qualify for a lease bond.
Guarantors
Equity Bonds accepts guarantors to assist qualifying when a client’s acceptable asset base is low.
Cost Effective
The efficient and innovative patented structure of Equity Bonds allows us to offer a very cost effective alternative to traditional purchasing means.
24 Hour Turnaround
Equity Bonds perform bond application assessments within 24hrs.
Higher Bond Amounts
We approve bond amounts up to 25% of the customer’s acceptable asset base or Net Tangible Worth, NTW.
