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Development Finance

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


  • 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.

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    * All of the above are subject to the property, business location and normal lending criteria and do vary depending on the particular lender.        

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