Row rect Shape Decorative svg added to bottom Absa supports multi-family residential growth with a R355 million Social Loan for Live Easy Absa | Corporate and Investment Banking > Insights and Events > Absa supports multi-family residential growth with a R355 million Social Loan for Live Easy SHARE Absa Corporate and Investment Banking (CIB) has provided a R355 million Social Loan to multi-family residential developer Live Easy, which reinforces a growing relationship aimed at expanding access to quality, affordable rental housing in South Africa. The transaction builds on an existing partnership established in 2025 and supports the refinancing of third-party debt across a portfolio of approximately 1 400 affordable rental units, developed in partnership with the Mpande Property Fund. Live Easy focuses on bridging the housing gap by providing affordable rental housing in well-located urban centres, close to transport networks, employment opportunities and lifestyle amenities. With average monthly rentals of approximately R4 200, the portfolio addresses a critical need in South Africa's multi-family residential market. The financing supports the continued provision of secure, affordable accommodation for working South Africans while promoting inclusive urban communities. Beyond housing access, the developments contribute to urban regeneration and densification, helping residents live closer to places of work and reduce their transport costs. The portfolio also stimulates local economic activity and supports greater access to economic opportunities. Environmental sustainability forms part of Live Easy's development strategy, with a focus on repurposing and converting existing buildings rather than constructing new developments. This approach helps to reduce construction-related carbon emissions while making efficient use of existing urban infrastructure. As sole lender, Absa structured the facility as a Social Loan aligned with positive impact financing principles. In addition to funding, the bank provided tailored risk management solutions designed to mitigate interest rate volatility and support the long-term financial sustainability of the portfolio. For more information contact: Somaya Joshua https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Strengthening market access through funding diversification Lewis Group has returned to the public bond market after 13 years, raising R1.1 billion through a senior unsecured bond auction. Read more DEALS Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more DEALS Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. The GEPF is not only Africa's largest pension fund but one of the continent's most significant pools of long-term capital. Read more
