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About Us
NURCHA is an innovative development finance company that provides Bridging Finance and Construction Support Services to Contractors and Developers.
We finance and support the construction of Subsidy and Affordable Housing, Infrastructure and Community Facilities. We also provide Account Administration,Project and Programme Management Services to Local and Provincial Authorities.
NURCHA is funded by the South African Government in partnership with the Soros Foundation, various overseas donors and other commercial lenders.
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The NURCHA Advantage
NURCHA is regarded as the partner of choice for construction companies
seeking innovative construction financing solutions. We are specifically geared
to provide construction finance and support for contractors and developers who
cannot easily access finance from conventional financial institutions.
Each contractor or developer has unique needs and levels of experience. Some
require more support than others.
NURCHA assesses the needs of each applicant and structures the loan
accordingly.
You can take on your next contract with confidence knowing that NURCHA can
provide you with the bridging finance and construction support necessary to
ensure that your project will be successful and profitable.
With national representation the NURCHA teams are well
positioned to offer clients a broad range of construction finance and support
services under one roof.
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Important Basic Requirement
To qualify for a bridging finance loan from NURCHA, you must have a valid and viable contract with a recognised employer in the public or private sector.
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NURCHA Provides The Following Services:
CONSTRUCTION FINANCE AND SUPPORT
NURCHA is
specifically geared to provide project finance for contractors who cannot
easily access finance from conventional financial institutions.
- We require little or no collateral for construction finance – as long as the project is viable.
- We do not disqualify contractors on the basis of their credit records provided that the enterprise is a solvent, legal training entity.
Each contractor has unique needs and levels of experience. Some require
more management and support than others. NURCHA assesses the needs of the
contractor, as well as the risks associated with the project and structures the
loan accordingly.
We place a very high premium on the viability of projects and will only
finance projects which in our assessment are viable and profitable for the
contractor. Fees and interest rates are determined according to the amount of
risk management and support required by the contractor.
NURCHA assigns experienced and qualified construction professionals to
administer the loan facility, monitor the progress and to generally advise
contractors on implementing their projects.
PROGRAMME AND FUND MANAGEMENT
NURCHA provides Account Administration, Project and Programme Management
Services for local and provincial authorities. By engaging NURCHA in their
planning and implementing processes, public authorities improve their ability
to execute projects successfully.
NURCHA also assists public authorities and private construction
enterprises with the design and implementation of Contractor and Enterprise
Development Programmes.
AFFORDABLE HOUSING DEVELOPMENT FINANCE
NURCHA provides bridging finance loans to qualifying developers who
undertake Affordable Housing projects.
These projects include:
- The development of serviced sites.
- The construction of entry level bonded housing.
NURCHA will lend developers up to 80% of the peak working capital
required. The remaining percentage will be provided for by the developer.
NURCHA – committed to the development of
Sustainable Human Settlements and the building of successful Construction
Enterprises
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