Student Accommodation Fund
The Student Accommodation Housing Fund was developed for student accommodation service providers that require additional funding to the project. The mezzanine or junior type loan enhances the debt-to-equity ratio for projects to enable senior lenders to finance.
Who Qualifies
- Any company or project Special Purpose Vehicle (SPV) with a recognised legal form that provides student accommodation that conforms to the norms and standards of the Department of Higher Education and Training (DHET).
- A company that can demonstrate access to unencumbered capital of a minimum of 10% of total project cost as equity.
- The entity must demonstrate to GPF that they have the technical resource capacity to successfully complete the project as well as efficiently manage the property thereafter.
- A company with a minimum HDI shareholding of 51%.
For more information or to apply for funding contact Mr. Shiraaz Lorgat
Tel: 082 603 2240
Email: shiraazl@gpf.org.za
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