The Developer Journal Issue 3 | 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 financiers struggle to provide funding due to HOA constitution and the lack of guarantees through sureties 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. Thorburn has partnered with a financier that specialises in financing these types of technologies to allow effective and efficient implementation of technology systems. thorburn.co.za When it comes to funding these solutions, in many cases the HOA finds that the need is clear, but the funding not guaranteed. So, the approaches are oversimplified to three general options: do nothing, implement a special levy, or somehow find the financing. E Funding