Estate Living Magazine Develop - Issue 44 August 2019 | Page 65

L I V E
S M A R T
DO NOTHING
TECHNOLOGY
IMPLEMENTATION
OUTCOMES AND FUNDING
OPTIONS
Risk Remains
SPECIAL
LEVY
FINANCING
Frustration in
approval process
Most fi nanciers struggle to
provide funding due to HOA
constitution and the lack of
guarantees through sureties
Thorburn has partnered with a fi nancier that specialises in fi nancing
these types of technologies to allow eff ective and eff icient
implementation of technology systems.
thorburn.co.za
When it comes to funding these solutions, in many cases the HOA
fi nds that the need is clear, but the funding not guaranteed. So, the
approaches are oversimplifi ed to three general options: do nothing,
implement a special levy, or somehow fi nd the fi nancing.
Thorburn realises that, often, it is the provision of a technology
solution together with funding partners that allows an estate to
migrate to a higher level of security, and thereby contribute to the
residents’ requirements for a safe and secure family environment,
and also improved investor return on their assets.
E C
Funding