As a leading financier of rental housing within the city centres, TUHF provides a range of financial products which have been specifically designed to cater to the needs of this specialised market. One of these products is Bridging Finance, which enables investors to cover temporary needs, where a quick decision is required. TUHF offers bridging finance for:
The balance of purchase price:
Clients who have bought a property and have a short time to raise the necessary balance e.g. at an auction.
Clients who have sold property and require their share of the purchase price before registration of transfer.
Rate Clearance Certificates:
Where the seller cannot pay the RCC.
Where the purchaser wishes to offset the RCC payment against the purchase price of the building.
Construction loan:
Specifically for refurbishments or conversions.
Long-term loans can be raised once the construction risk is over.
Sectional Title Body Corporate loan:
Refurbishment loans
Consolidation of debt
TUHF’s Bridging Finance has been designed to provide solutions to problems that investors face when raising long-term finance for the purchase of an inner city building. TUHF’s Bridging Finance is competitively priced and, depending on the requirements of the particular problem, quickly available. Cost to client is based on the level of security available with the highest price being for unsecured loans.
TUHF’s ideal is to work with people who:
‘Know the neighbourhood’ in which they’re investing i.e. the city centre.
Have the right property management skills and property development skills.
Have the right network of contacts.
Are proud of owning well-maintained, clean buildings.
Are confident they will make sufficient profit from their business to keep going.
Are competent rental housing entrepreneurs.
TUHF finances transactions, not wishes.
Prospective clients should already own a building, be in possession of a signed deed of sale or have a clear strategy to obtain property.
