COVER STORY PROFILE
“ Office and industrial conversions into residential units will likely happen as the market moves into different , untapped areas . Work-from-home has driven a new product from a residential topology perspective . From our side , we have been continually engaging with our clients and developers to get renewed growth going ,” adds Nel .
TUHF Finance - How Does it Work ? TUHF ’ s funding comes from various sources – shareholders , asset managers , listed vehicles on the JSE , a domestic medium term note programme , and securitisation is in place . It includes Old Mutual ’ s Futuregrowth , Mergence and Public Investment Corporation ( PIC ). Recently TUHF onboarded new investors including Sanlam , Stanlib and RMI .
For the investor the loan capital must be repaid over 15-years , unlike with the banks , which require repayment over 10-years . TUHF ’ s vision is eventually to have a R5 billion book servicing every major city in SA . We wish to grow our position as the leading commercial property financier in our market niche and to achieve our “ impact through scale ” objective says Paul Jackson , CEO .
About TUHF TUHF Limited is a commercial property financier that provides specialised financial services and solutions to its clients in inner cities of the large metropolitans across South Africa , based on the Group ’ s in-depth market knowledge and targeted business model . TUHF is a non-bank financial services company that borrows money from the capital markets and invests it in inner-city areas , extending finance to small scale property entrepreneurs who want to grow their rental businesses .
TUHF targets property entrepreneurs in the affordable housing market who develop , own and operate buildings in inner-city areas . TUHF Limited , and the Intuthuko ( PTY ) Limited ( Equity Fund ) are all part of the TUHF Group of companies . The Group has a national footprint with offices in Johannesburg , Pretoria , Cape Town , Port Elizabeth , and Bloemfontein , as well as satellite offices in Pretoria and East London .
Through its inclusive growth and transformation objectives , TUHF ’ s financial services and solutions are purposely designed to finance inner-city property entrepreneurs , who understand inner-city areas and have a strong appetite to grow their property portfolios , generate wealth , and contribute to inner-city regeneration . To date , TUHF has financed close to R6 billion in inner-city residential rental property on more than 44 400 affordable rental units operating in 135 suburbs financed by TUHF from inception to date in areas of economic opportunities that have effectively improved many livelihoods .
This has supported over 400 successful property entrepreneurs in reaching their
16 FEB 2022 SA Real Estate Investor Magazine