These Commercial deposit Bonds help investors and business owners purchase commercial properties without the need to provide a 10% cash deposit.
The Commercial Deposit bond, will replace the cash deposit up to 10% of the purchase price of the commercial property. This means a full deposit doesn’t have to be paid in cash when the contracts are exchanged, with the buyer paying the full purchase price to the seller at settlement time.
Commercial Property Deposit Bonds guidelines
To help with the purchase of real estate property zoned commercial or business use.
Types of Properties:
- Real Estate property zoned for commercial or business use such as individual factory units, retail and office space, vacant land and general business premises.
- Heavy Industrial and/or commercial properties such as manufacturing factories, depots or large industrial warehouses are not acceptable.
- Properties must be transacted with a standard real estate Contract of Sale and not include the purchase of a business, stock, related assets or goodwill
Maximum Guarantee – $200,000
How much does it cost?
A flat fee of 2.5% of the guarantee amount for terms up to 6 months cover.
Eg Purchase Price of Commercial Property $1m
Deposit needed $100,000
Commercial Deposit Bond fee of $2,500
For a commercial deposit bond quote, please call us.