30 BROOKEND OFFICE PARK, Durban, .
Nurcha, Durban
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Description
Nurcha is specially geared to provide construction finance for contractors or developers who cannot easily access finance from the conventional financial institutions. Each contractor or developer has unique needs and levels of experience. Some require a more closely managed approach than others, including assistance with project and cash flow management, material procurement etc. Nurcha assesses the needs of each applicant and structures the loan accordingly, providing a comprehensive range of construction support services where necessary.
Company description
Nurcha is a section 21 company (not for gain) and is funded by the South African Government in partnership with the Soros Economic Development Foundation, various overseas donors and other commercial lenders. Established in 1994, Nurcha is a development finance institution with considerable experience in construction finance. In the last 15 years we have provided loans to developers and contractors for the construction of close to 320 000 homes and a large number of infrastructure projects throughout the country.
Categories & Keywords
- Housing
- Bridging Finance
- Subsidy Housing
- Affordable Housing
- Developmental Finance
- Emerging Contractors
- Established Contactors
- Construction Support Services
- Infrastructure Finance
- Construction Finance