September 9, 2016

Referral Program

The Granite Referral Program

1. BACKGROUND

Granite Finance provides bridging finance to property sellers and recognizes that the best way to source good business is from professionals with close contact to property sellers. These professionals understand both their clients’ needs, and the bridging product. As such, Granite has designed the Granite Referral Programme for estate agents and other property market specialists in order to reward them for their efforts in identifying potential bridging deals.

2. DETAILS

    Qualifying deals: All advances to sellers priced at Granite Finance’s normal rate.
    Amount paid by Granite: A pre-agreed fixed proportion of the deal rate.
    Timing of payment: Within 5 working days of deal transfer/settlement, or monthly.
    Qualifying participants: Any property market professional, either at the company or individual level. We are happy to share commission between agency and agent if needed.

3. DOCUMENTATION

Granite will provide a standard set of terms and conditions to be signed by both the referring agent/agency and Granite.

4. BRIDGING FOR ESTATE AGENTS

Granite also bridges estate agents’ and estate agencies’ commissions at the rate of 0.075% per day, or R0.75 (75 cents) per thousand per day. This rate is extremely competitive, and while we appreciate all referrals, we cannot pay referral fees on commission advances.

5. HOW TO APPLY

Please email us on info@granitefinance.co.za or call us on 021 438 0144.

Granite Finance