An Investment Company is formed and funded and is owned by the long term asset owning entity - it can be co-owned by a Local Authority, Housing Association, pension fund, charity, BTR/PRS landlord or large asset owner or management company.
An operating lease is put in place for the duration of the bond for the management of the housing with the designated management entity.
The fund takes security over the properties, which are constructed out of the funds held by the investment company.
Using highly efficient Modern Methods of Construction, Kwikhaus builds the properties.
Rent is collected by the management entity and the properties are managed by it.
An operating lease is put in place for the duration of the bond for the management of the housing.
The bond usually lasts for 40 years, though this is subject to the structure of the finance and the development.
On payback of the bond, the properties become owned by the Investment Company.