Application for Consolid8™ Financial Planning

NOTE: This form was emailed as a auto-response to your enquiry. If the form does not apply to your finance needs, please contact a New Heights Finance consultant
on 086 628 3669.

Dear Sir / Madam,
Re: Commercial Property Loan.

This is an automated response to your enquiry for a commercial property loan. If this is not what you were looking for then please contact us immediately to establish your exact needs.

Our role in this process is to secure you the best loan deal possible but to do this we need your assistance with the documentation listed below:

	Personal Assets and Liabilities schedule of all members / shareholders or trustees that will be signing for the loan.
	Annual Financial Statements of the borrowing entity or entity that will be servicing the loan.
	Management Accounts : Preferably signed by the borrower
	Lease Agreements or pre-sales agreements
	Short motivation of what is envisaged and the transaction at hand
	Cash Flow indicating income and expenses for the commercial building being purchased.
	Purchase Agreement
	Bank Statements: At least 6 months personal and 6 months for the legal entity that is borrowing the funds or that will be servicing the loan.

The next step in this process is for us to obtain your permission to undertake this exercise on your behalf and for us to agree to a fee for the services we will perform. This is done by signing of the Third Party Payment agreement outlined below.

All commercial loans are subject to a "Raising Fee" which is levied by the credit provider. This is normally in the order of 1 %. Whether you use our services or go direct this fee is levied. The credit provider will in some cases split this fee with us on a 50 /50 basis. Our fee to undertake this work is ,5% ( half a percent) for loans R 2 million to R 10 million and 1 % (One percent) for loans under R 2 million. For loans over 10 million we will negotiate a fee with you.

The fee is payable IF and ONLY IF we secure a loan for you. NO fee payable. What ever amount we are paid by the credit provider, we will deduct off the fee due and payable, as indicated on the agreement below.

In order to ensure we give the best service to those clients that are committed to using our services, we only will start the processing your application once the Third Party Payment agreement (below) is signed and the documents indicated above are received by us.

It is extremely difficult to get a good loan deal for you, if we are not in possession of a the supporting documents above.

Yours Faithfully
Rocky Pretorius (B.Tech M.B.A.)
(director)

New Heights Finance
"Mortgage and Financing Solutions Country Wide"

Commercial : Property Bonds, Development Loans + Business Capital
Rocky | C: 083 456 0555 | F: 0866 161 540 | rocky@nhfinance.co.za

Home Loans + Debt Consolidation : 1st + 2nd Bonds. Also Blacklisted
Annette | C: 083 410 1437 | F: 086 628 3669 | info@nhfinance.co.za

Bridging Finance : Property, Invoices, Commissions, Pensions,
Imports Asset Finance : Trucks, Industrial Equipment, Aviation. Marine, Agric, Earth Moving
Evette | C: 082 7716142 | F: 0866 033843 | admin@nhfinance.co.za

Website : www.nhfinance.co.za
Postal Address : PO Box 1583, Wandsbeck, 3631.
Reg No. 2003 / 019600 / 07 VAT : 4490210012

THIRD PARTY PAYMENT INSTRUCTION

Declaration:

1.	I/we (name/s) _________________________________________________________________________ Director / member / partner / trustee / of, company / cc / partnership / trust name) ____________________________________________________________________________________ Reg. No. / ID No. ____________________________________ VAT No. ____________________________ the Borrower, hereby authorize and instruct R C Pretorius, to irrevocably proceed with the arrangement of a loan in the amount of approximately R ________________(______________________________________)
2.	I/we expressly and irrevocably instruct and authorize the credit provider selected by R C Pretorius to include in the gross loan amount and / or security provided, the professional fee stipulated in paragraph below, to enable me/us to make payment of the professional fee to R C Pretorius and hereby instruct the credit provider who provides such loan to me / us, to make payment of the professional fee to R C Pretorius, at the same time payments to me the Borrower are made by the credit provider.
3.	I/We acknowledge that Mr R C Pretorius has earned professional fees in the amount of ,5% (half a percent) of the gross loan amount and / or security provided for amounts between R 2 million and R 10 million, 1% (one percent) for loans under R 2 million and ,33 % ( one third of a percent) for loans over R10 million, for arranging my/our finance and that the professional fees are only due and payable when final approval of the finance is granted and transfer of loan proceeds to me/us takes place. Should no approval be granted no fees are due or payable. Should the credit provider pay a portion of this fee then I instruct that that amount be deducted from the fee payable to Mr R C Pretorius.
4.	I/We agree that the professional fees to be paid to Mr R C Pretorius, shall be included in the loan amount and will be repaid on date indicated and agreed to on the final loan agreements signed by the Borrower and the credit provider and / or on registration of the property offered as security.
5.	Should this payment not be made by the Credit Provider to R C Pretorius, or not included in the loan, I/we undertake make the necessary arrangements to pay this to R C Pretorius within 7 days of receipt of the loan / working capital / security provided to me by the Credit Provider.
6.	I/we hereby indemnify R C Pretorius from any claims for damages of whatever nature arising from any inaccuracies in payments as a result of my representations herein.
7.	I/we hereby acknowledge that R C Pretorius has no liability arising from any defect in respect of any product or service bought or acquired with the proceeds of the amount advanced to me/ us and indemnify R C Pretorius against any such liability, however it could arise.
8.	I /we by signature hereof acknowledge my/our indebtedness to R C Pretorius should I receive payments of the loan arranged by R C Pretorius.

Initials_________________

9.

I/we further acknowledge that all future loans approved by the credit providers that R C Pretorius has introduced to the Borrower, will attract the same professional fee as indicated in Paragraph 3 above unless otherwise indicated in writing.

10.

Particulars of Borrowers Payment:
Borrower__________________________________________________________________________
ID Number /Co. Reg. ________________________ Cell _____________________________________
Tel (W) ____________________________________Tel Number ______________________________
Email _____________________________________ Fax No. _________________________________
Residential Address _________________________________________________________________ __________________________________________________________________________________
Business Address ___________________________________________________________________
Name of Bank ______________________________ Branch __________________________________
Account Number ______________________________ Branch Code ___________________________

11.

Particulars of Third Party Payment
Beneficiary	Rocky Pretorius	Contact Number	083 456 0555
Name of Bank	ABSA	Branch	Margate
Account Number	711 460 985	Branch Code	632005
Fax	0866 161 540	eMail	info@nhfinance.co.za

12.

Terms and Conditions :

12.1.

All alterations to this agreement are to be initialed by both Borrower and witness.

12.2.

Only Electronic Funds Transfers to the above designated accounts are to be made.

12.3.

Signatories hereto agree that all outstanding amounts are to be paid as per the instructions of this Third Party Payment declaration, relevant invoices and/or debit orders authorized or signed by the client by no later than the conditions stipulated in this declaration. Should the client refuse or fail to adhere to the terms and conditions of the contracting party or of this agreement, the signatories consent to the listing of their details on credit bureaus and www.blacklist.co.za.

12.4.

Signatories hereto consent that the amount referred to in this declaration is a liquid amount and consents to Judgment in the case of non-payment, in terms of Section 57 and 58 of Act 32 of 1944 or relevant current Acts.

12.5

Signatories hereto agree and consent that this legal measure is both necessary and fair. All defenses in terms of the due and payable liquid amount owned are hereby laid down and the onus of proof in all matters is hereby transferred to the defendant in the main matter, in the case if litigation.

13.

By signature hereof, the signatory to this agreement, acknowledges that he/she is mandated and entitled to sign this agreement on behalf of the Borrower and that he/she acknowledges that should he / she not be entitled to sign this and does sign it, that he/ she will be committing an act of fraud.

14.1

Do hereby nominate, constitute and appoint R C Pretorius or his duly authorized employee and/or its duly authorized representative to act on our behalf and to:

Initials_________________

14.1.1.

Obtain any and all documents required by Mr R C Pretorius to complete a Financial Plan to assess my / our eligibility to apply for a loan / bond / bridging finance which I/we have instructed them to proceed with in order to refer such Financial Plan to a Credit Provider, which documents shall include but not be limited to:

1.1	The payslip/s from my/our employer/s;
1.2	Supporting documentation and/or letters and/or copies of Default Judgments from my/our various judgment creditors;
1.3	Statements regarding municipal services and/or rates and taxes;
1.4	Any bank statements and/or bond statements which Mr R C Pretorius may require from my/our bank; and
1.5	The full and unabridged reports from the various credit bureaus pertaining to me/us and or our companies, cc’s and trusts.

14.1.2

In the event that R C Pretorius its agent, in regard hereto , I hereby further specifically authorize the agent so appointed to:

1.5.1	Obtain my / our complete credit profiles from any registered credit bureau;
1.5.2	Obtain any updates from any registered credit bureau with respect to any information to be added or removed from my / our credit record;
1.5.3	Obtain any and all balances and statement information form any of my / our creditors;
1.5.4	Store my / our credit record and account information on Credit Health’s confidential database for a period of one year from the date on which Credit Health receives such information.

14.1.3

This authority shall remain in full force and effect unless terminated in writing by me / us.

Signed at (place) _____________________________on (date) ___________________ 2007
    ___________________                                                  ____________________
    Signature of Borrower                                                   Signature of Witness

Name _________________________                                  Name ________________________
ID No. _________________________                                 ID No.________________________
Signed at (place) _____________________________on (date)____________________2007

    ________________________                                          __________________________
    Signature of Co-Borrower                                               Signature of Witness

Name _________________________                                  Name ________________________
ID No __________________________                                 ID No _________________________

Fax to : 0866 161540 | Email to: rocky@nhfinance.co.za