Gauteng Partnership Fund
Contact Details

For more information, contact Investment Division on: 011 290 6690.

Or alternatively contact:

Trust for Urban Housing Finance
1st Floor, UCS House
209 Smit Street
Braamfontein

Tel: 011 276 1440
Fax: 011 339 1784
E-mail: info@tuhf.co.za
Website: www.tuhf.co.za


Property Finance

TUHF provides finance for inner city mixed use developments of which the largest component should be residential up to the value of R50 million. We work with projects from small semi-detached houses up to buildings with many hundreds of units. Ideal for:

  • Purchase only – no construction or refurbishment
  • Purchase plus construction including refurbishment
  • Construction only (includes refurbishment, conversion or new build)
  • Conversion from office space to a light industrial building to residential
  • Equity release (a loan facility against increased or residual value for the acquisition or improvement of another (different) property)
  • Refinance (either an increase of an existing loan or refinancing a third party bondholder for the property)
  • New build
  • Owners who live in an inner city building and wish to buy more units to become a landlord.

TUHF Entrepreneurs:

  • have an honest and reliable character
  • know the inner city areas in which they’re investing
  • have the right property management skills and network of contacts for the size of their project
  • can provide good customer service and firm credit control
  • are proud of owning well-maintained, clean buildings
  • are confident they will make sufficient profit from their business
  • have the interests of urban regeneration at heart

TUHF Projects:

  • are in major city centres that are in urban decline
  • are close to schools, transport systems and places of work
  • are economically sustainable - able to generate sufficient income to repay expenses, as well as service the loan and make a profit
  • will upgrade buildings in the selected inner city area providing affordable and decent residential rental units
  • have a positive effective on the areas in which they are based.

Contact Details
For more information, contact Investment Division on: 011 290 6690.
Or alternatively contact:
TUHF Limited
12th Floor, West Wing
Libridge Building
25 Ameshoff Street
Braamfontein, 2001

Tel: 010 595 9000
E-mail: info@tuhf.co.za
Website: www.tuhf.co.za



 

Bridging Finance Facility

TUHF’s Bridging Finance covers short term loans up to 6 months to enable entrepreneurs to cover temporary needs, where a quick decision making is required when purchasing inner city property. Bridging finance may be required for:

  • Rates Clearance Certificates
  • Balance of purchase price (early profit release) to buyers and sellers – for example property auctions or where funds are required before registration of transfer
  • Profit from sale of property
  • VAT refunds
  • Related transfer transaction costs (e.g. transfer duty)

Our 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.

http://www.gpf.org.za/Products/Strategic-Partnerships/TUHF/Inthuthuko-Fund

Inthuthuko Fund (IEF)

Together with the Gauteng Partnership Fund, TUHF has set up the Intuthuko Equity Fund. By contributing to the deposit of own equity requirements necessary for a loan approval, the fund assists previously disadvantaged South Africans (in certain occupations and income groups) who wish to enter the rental housing industry.

The Intuthuko Equity Fund supports previously disadvantaged individuals who have never owned investment property before by contributing to the deposit or equity requirements necessary for a loan approval. TUHF does not provide 100% finance. The fund still requires interested entrepreneurs to contribute of their own earnest money towards the transaction. The fund is aimed at caretakers, property managers, artisans in the construction industry, police, fire men and women, and nurses as well as other individuals who live or work in the inner city. This equity fund is subject to senior debt finance from TUHF Limited for the purchase of inner city residential rental property.

Characteristics of an Intuthuko entrepreneur:

  • Mature and have entrepreneurial passion
  • Prepared to contribute their own hard earned money
  • Hard working and problem solving
  • Know the inner city and the neighbourhood in which they plan to buy
  • Determined to make a better life for themselves
  • Proud to own a clean and well-run building

Contact Details

For more information, contact Investment Division on: 011 290 6690.

Or alternatively contact:

TUHF Limited
12th Floor, West Wing
Libridge Building
25 Ameshoff Street
Braamfontein, 2001
Tel: 010 595 9000

E-mail: info@tuhf.co.za
Website: www.tuhf.co.za