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Sale and Lease Back Program
Are you looking for Cash Financing? Simply, “Let Your Property Finance You” through Mortgaging the property to us against a Cash Loan, and we will lease the property back to you. We at Abdul Latif Jameel Real Estate Financing offer you a Sale and Lease Back product which affirms our mission to provide you with flexible and pioneering Financing solutions that meet your expectations. With us, the process of acquiring a Cash Loan is simpler than ever, and for a contract period up to 10 years
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Financing Features
- No Down Payment required
- No Guarantor required
- Certified by Shariah Board
- Up to 2.5 Million SR
- Up to 10 years contract period (120 Months)
- Guarantor possibility of spouses or a first degree relative
- No Salary Transfer required
- Availability of Early Settlement
- Consideration of Other Income (if any) to increase Financing amount
- Financing Corporate clients only
- Exempting heirs from any liability in case of death or permanent disability (God forbid)
Terms and Documentation required
- Property should be valid for use and within Urban (developed) areas
- Property should be 100% completed
- Aggregate of Contract Period and current Property Lifespan not to exceed 30 years
- Property to be free of any Legal burdens or Litigation
- Copy of client ID
- Copy of Title Deed
- Copy of Building Permit
- Copy of Property Sketch showing location of property
