PropPay Rent in Advance Draw Down
How does a rent cash advance work?
PropPay is a simple product that allows you as a commercial landlord to get a cash advance of up to 75% of your tenants rent in advance for up to 3 years.
Example
Your current rental on a commercial property is $120,000pa net. We will advance you the landlord $90,000 (12months) today or to a maximum of $270,000 (35 months)
PropPay collects rent directly from your tenant or your Property Manager then PropPay distributes as per the PPP agreement less our fees.
Benefits
- Your future rental stream income paid today!
- PropPay can also tailor a bespoke solution to your requirements. It may be as simple as an on time rental guarantee.
- PropPay is not a loan it’s your rent, on your property, just paid in advance by a third party being PropPay.
- There is no interest, only an application fee & small monthly fee that is deducted when the rent is collected.
- You are still the landlord with all the rights & obligations.
You simply enter into an agreement called a concurrent lease with PropPay, alongside your existing tenants. This allows us to simply structure the way the rental income is distributed throughout the agreed arrangement.
