SAMBRA are regularly approached with proposals pertaining to bridging finance options for our members, with the view to have SAMBRA acknowledge and endorse the bridging finance model / package in some way.
We thoroughly analyse each proposal we receive, take all things into consideration and acknowledge that some options are less expensive than others.
However, if members are ever to consider this type of finance, they need to fully understand the cost involved and the Application Agreement that they will be expected to sign.
The onus remains solely with members to understand the conditions of their bridging finance agreement, incl. the cost implications of the financial model and the consequences of non-compliance.
Compliance is very stringent and bridging finance should therefore only be considered in the most extreme of cash-flow circumstances and as a last resort.
SAMBRA members are encouraged to rather seek out and consider options available through the banks.