Trafalgar Financial Services (“TFS”) is an authorised financial services and credit provider with a specialist property finance focus for all juristic, residential entities including, but not limited to, sectional title bodies corporate, non-profit home owners’ associations, share block companies and property owning entities). With a loan book in excess of R200 million, -Trafalgar Financial Services is one of the largest, niche financiers, of residential properties in South Africa.
Typically speaking, bodies corporate, Home Owners Associations (HOA’s) and share block companies budget for, and accumulate, surpluses for large maintenance projects either in the ordinary budget or via special levy over term (which can be anywhere up to five years).
Bodies corporate, home owners’ associations and share block companies are all too frequently held to ransom by some owners who default on their levy payments, resulting in cash flow problems.
Insurance excesses and policy limits are both well-established norms in the insurance industry; excesses specifically, are often the first things adjusted (upwards) by insurers to address increasing loss ratios and, given owners are typically liable for excesses [PMR 29(4)], do you have the means to settle both the excess and potential shortfall unannounced and without warning?
Registration certificates for Trafalgar Property Management (Pty) Ltd
Registration certificates for Trafalgar Financial Services (Pty) Ltd