Understanding the concept of seller financing – a new way of lending.

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South African commercial property owners are now offering potential property buyers almost interest-free loans to supplement their already secured bank mortgages, to ensure they secure their asking price.

These vendor loans (or vendor finance), are fairly well known internationally, but are now growing in popularity in South Africa, said Gary Palmer, chief executive officer of Paragon Lending Solutions.

2 May 2022 7AM English South Africa Business News · Investing

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