TUHF recently launched a township backyard rental finance product called uMaStandi. uMaStandi provides finance and training to develop an existing township property through building formal, approved and quality residential stock.
What is uMaStandi?
Financing in townships to date has been restricted to micro finance and in some areas home loan finance. uMaStandi provides finance and training to develop an existing township property through building formal, approved and quality residential stock.
uMaStandi is the first commercial property finance to be offered in target township areas based on freehold title. This finance is designed to regularise title if required, use peoples’ property equity to gear a rental enterprise and to ensure that construction is properly designed and constructed with all the necessary planning permissions in place.
How does it work?
Property owners who hold title deeds can approach uMaStandi for finance to develop units on their property for rental. If you qualify based on your character, the area and your project, we will conduct a feasibility study. If your project is approved, uMaStandi will help with the finance as well as training during construction, let up and ongoing property management.
Do I qualify?
An uMaStandi client is an individual with a general understanding of money and asset ownership, owns and has a title deed for their township property in the specific areas, OR an individual who sees opportunity to buy out an existing title deed holder.
In which areas is uMaStandi operational?
For now we are focusing on the townships and suburbs of Johannesburg and Cape Town. In time we will expand to further areas. Watch this space!
I’m interested, where can I get more information?
You can contact us at 086 000 8843 (TUHF) or email us at firstname.lastname@example.org.