Areas of finance:

• Commercial and industrial developments:
  • Office blocks, Warehouses, Factories
  • Lifestyle/apartment villages (pre-sales maybe required)
  • Off Shore, such as Australia and Fiji
• Design and build
• Project Underwriting:
  • Exit strategies
  • Pre-sales
• Land Banking: (in current market you need RC and Pre-sales)
  • Hold for development
  • Awaiting resource consent
  • Awaiting rezoning
• Subdivisions:
  • Commercial and industrial
  • Rural
  • Residential
  • Coastal
• Refinance of existing facilities to allow equity release and better rates
• First and Second mortgage finance

Specifications*:

• Minimum Loan: $100,000
• Maximum Loan: $100,000,000
• Term: 12 months to long term
• LVR - up to 80% (GST exclusive if borrower is GST registered)
  • up to 100% of cost for developments
• Minimum cash equity is normally 20%
• Fixed and/or floating interest rates
• Interest only or principle & interest repayments

Costs*: (these are industry standards)

• Interest Rates:
  • 1st mortgage: current floating rates to 12%
  • 2nd mortgage: range from 12% to 19.5%
• Lender Fees: range from 1% to 4%
• Legal Costs: vary upon financier and your solicitor

The exact interest rate depends on the market conditions, strength of the securities and the credit risk associated with the application and the applicant.