The repurchase of credit is not reserved only for individuals, it is also accessible to companies such as real estate companies. An SCI is made up of at least two people who together buy and hold real estate. This legal form allows a better management of the patrimony. The partners benefit from the financial advantages resulting from this management, but they also undertake to participate in the losses. In some cases, an ICS may be in a precarious financial situation, so the use of credit redemption may be necessary.
Credit buyback: why?
It can happen that an SCI finds itself with high monthly payments or a lack of cash to cope with development work. The use of loan consolidation underway will thus help to revitalize the company’s situation and prevent debt. Namely that the operation of repurchase of credit will make it possible to consolidate the current loans of the SCI into a single loan. This will lead to a reduction in its debt ratio and easier management of finances The rebalance between expenses and revenues will thus release some cash. In parallel, the SCI may request that a financing be integrated in the repurchase of credit. This additional liquidity can be used, among other things, to carry out real estate upgrading work.
How to get a loan consolidation?
It should be noted that the conditions for granting a credit redemption for an SCI are different from those for individuals. The lender will conduct a thorough analysis of the company’s file. The following elements will be taken into account: the type of SCI (family or professional), the financial health of the SCI, advanced guarantees and the type of grouping (purchase of consumer loan or mortgage loan). Some supporting documents will also be requested. A funding plan will be given to SCI after file review. Finally, it may be useful to carry out a simulation of the repurchase of credit to have a good visibility of the modalities of the operation.