COMPANY PROFILE
Funding criteria
• No BBBEE shareholding required for the developer , however at least two professionals appointed must have 51 % BBBEE shareholding
• Maximum total GPF exposure 20 % of development amount
• Equity contribution of 20 %
• Loan term of 15 years
• Moratorium of up to 24 months
• 3 % fee on GPF loan facility plus VAT – minimum of R300,000
• Pricing is base rate at prime plus margin of 100 basis point
Essential Documentation : What you need for a successful Application
• Comprehensive Business Plan
• Company registration documents .
• Essential project information such as approved zoning , Geotech , elevation plans & elemental bill of quantities .
• Shareholder ’ s statement of assets and liabilities ( Proof of availability of Equity ) may be requested .
APPLY FOR FUNDING NOW ! Contact : Ms Sandra Ruiter Tel : 082 850 9170 Email : sandrar @ gpf . org . za
Real Estate Investor Magazine FEB 2024 34