Mortgage Bridge Financing

No One Has More Experience or Expertise to Help You than SASI Corp.

Mortgage Bridge Financing

Helping you finance the property of your dreams can often be challenging. Our team as SASI Corp. knows the difference and brings you ‘truth in lending,’ every time, all the time!

Many new home-buyers are oblivious to the idea that the Philippines has no true mortgages. The entire loan process is based on long-term loans which are secured by assets dealing with the property you are about to purchase. Most large financial institutions will only release the funds from a home purchase once the buyer has a clean unencumbered title to the property they are financing.

SASI Corp. specialty is financing your next dream home. We not only offer solutions, we create long-term relationships with our clients. Our initiative is to “Sell Solutions, Not Promises” unlike other lenders. SASI has been a leading contender in the Metro Manila area for many years, and we intend on keeping our good name and standing in the community we serve.

Understanding Bridge Financing

Bridge Financing is often a complicated matter to know and understand. Several types and examples to know are as follows:

  • You decide to purchase a home that already has a mortgage – that mortgage is held in entity by the bank. You have a home that you are selling for a lesser amount then the price of the new home you are about to purchase. The title of the house you are about to sell must be clean or free of any encumbrance. SASI steps in and creates a bridge to financing your new home while creating a clean, clear title to put you into your new home purchase, including any capital gains tax. Any remaining balance will be refunded to you along with any additional overpayments that pertain to the entire process.

  • In purchase examples that include the sale of multiple properties at the same time, also known as Link Chain purchasing, Bridge Financing is often the only way to make this process happen. This in effect creates multiple bridges to assist buyers and seller achieves a formidable solution to buy and sell multiple properties at the same time.

  • Another example is those looking for a home equity loan, this example is for those looking to take cash out of the value of their property they already own. The difference is that the money from the financial institution is given to the client, not the seller of a property etc.

  • Bridge loans are often used to pay the Capital Gains tax on a property purchase in the Philippines. Sellers often agree to release the title to the buyer, even before the funds are paid to them. In this case the seller agrees to wait to be paid by the Financial Institution. In this example SASI bridges the Capital Gains on the property and assist in paying the BIR and receiving a clean title via the Registry of Deeds.

  • In Commercial Bridge Financing a person who owns a business and has assets which include property. These types of loans are often urgent or on a time restraint. SASI helps facilitate the loan through our ‘Sister Company’ and bridge part of the loan to the client and his urgent business needs. Once the loan process is released the Bridge amount will be paid to SASI and the residual is paid to the client.

  • Bridge loans are often used in commercial real estate transactions to close on a property quickly. It can also be used to purchase a home in foreclosure, speeding up the process before the bank takes possession of the property in default. The bridge in essence actually creates short-term financial opportunities in order to secure long-term financing via a banking institute.

These are just a few examples of how Mortgage Bridge Financing works in the Philippines. This unique financing is a specialty of SASI Corp. and our ‘Sister Company” offers you complete servicing of these much needed financial benefits.

Bridge loans are typically paid back once the property is sold or refinanced. In new home construction the pay back is normally noted when the property is completed or improvements are made.

Remember, not every client needs Mortgage Bridge Financing, but those who do, can rest assure that SASI will arrange for a very competitive rate. Our team is here to assist you in every way possible.

 

Bridge Finance Credit Investigation

For those needing Bridge Financing, a seamlessly easy transaction from our “Sister Company” can provide you every possible service needed to complete this step. We never ask for money up front like most loan companies in the Philippines. As with all Financial Institutions, there is an additional credit check performed. This process is handled in a timely manner and usually takes less than five days.

 

Bridging of the Loan and Transfer of Title

Once the Bridge Financing is put in place, it is now time for SASI to show their clients how important it is to use them as a mortgage broker. This step is one of the most difficult for new home buyers due to the endless paperwork and documentation that is required by a leading financial institution.

SASI Corp. will be there, moving you in the right direction. We take care of the endless paperwork, assuring you that every step is taken, giving precise and informative information direct to you till the very end.

This is the final step before the title is listed in the new buyer’s name. This area of home-buying in the Philippines is not for a novice or amateur to perform, giving SASI Corp. and its team of knowledgeable professionals a significant place in transacting your real-estate purchases.

SASI Corp. uses knowledge and integrity to get the job done for you. Every transaction is completed with official receipts and any overpayments or leftover monies are refunded to you, the client.

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SASI Corporation
1808 Cityland 10, Tower II
HV dela Costa Street
Makati City, 1200

Call Us at: 856-3137 or 856-4830
09088821895 or 09173207929