Fortified Capital Plus

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There are a vast number of Community Schemes in South Africa that struggle to operate functionally as a result of non-paying unit owners. The non-payment of levies results in a shortfall in the operational budget which basically means that paying unit owners either end up subsidising non-paying unit owners’ levy amounts or the Community Scheme goes without essential services to the common property. This often results in unit owners’ property assets not being maintained and a general decay within the entire Community Scheme, causing a drop in the value of properties.

The Fortified Capital Plus lending solution is utilised to fund Community Schemes with levy debtor problems, where a portion of unit owners have not paid their levies, and / or in respect of Levy Debts subrogated in terms of Levy Guarantee Insurance Policies.

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The Fortified Capital Plus lending solution is ideal for private individuals, corporate entities and trusts who are risk averse and do not require monthly interest income but are looking to grow their returns through compounding of interest.

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Loans to Community Schemes are illiquid. The secondary market for this asset class is well established and sales can be facilitated by BC Funding Solutions, however the process and time related is dependant on incoming business, as there needs to be a willing buyer.

Should you wish to access your funds before maturity, an administration fee will apply based on the total withdrawal amount (capital plus interest). Withdrawals made within the first five years will incur a 10% fee, while withdrawals after five years will be subject to a 5% fee.

 

Ready to put your capital to work and support sustainable Community Scheme funding?

Partner with BC Funding Solutions for smart, secure and purpose-driven lending solutions.

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