3 SOLUTIONS TO FINANCE YOUR SCI. Société Civile Immobilière, the SCI is a very exciting idea that allows you to create a family heritage or collect rental income. However, to succeed in such a project, it is necessary to have significant financial means to carry out the purchase of the real estate. Then discover some solutions that will allow you to finance your SCI.

Make a loan in the name of the SCI

The partners of an SCI are able to apply for a loan from a bank as soon as it is created. This will allow them to complete the purchase of real estate that the SCI will own.

The evaluation of the borrowing capacity of the SCI

To make a good estimate of the borrowing capacity of your SCI, the bank will take into account the personal situation of each partner. Indeed, when the SCI will no longer be able to repay the monthly payments, the bank will be able to turn to the partners. Thus, each must be able to make the reimbursement in proportion to their holding of shares.

The guarantees required by the bank

In order to protect itself from a repayment default, the bank generally asks for specific guarantees. She requires a mortgage that will allow her to seize the property and proceed with its sale. It also requires a joint and several guarantees from the partners which will allow everyone to undertake to repay the entire loan in the event of a problem.

Take out a personal loan

To finance their SCI, the partners have the possibility of taking out a personal loan before making the payment to the SCI. Here, the loan terms are totally different. Each partner will take the necessary steps to obtain a loan. This means that there will be as many credits as there are associates.

As for the bank, it will examine their borrowing capacity individually. Thus, she will make an estimate of what they can borrow. Therefore, depending on their personal resources, each partner can have a loan of a different amount. For the repayment of the loan to the SCI, they can operate in several ways. They can do this either by cash contribution or via contributions in the current account of partners.

Reimbursement terms

When the repayment is made by cash contribution, the repayment of their loan can be made thanks to the amount of land income that each partner will receive annually.

Constitute a capital contribution

It is rare for partners of an SCI to finance with their own funds, of course, but it is also a possible alternative. Indeed, they can do so via a contribution in cash or a contribution in kind. This type of contribution is freely determined by the partners.

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