CLIENT SCENARIO #1

Why did this client need our funding: A property developer undertaking a commercial/industrial project, needed funding to meet cost overruns associated with their project. Despite having other properties in their broader portfolio, their existing funder didn’t want to provide additional funding to support the project’s completion. Sometimes project funders can be myopic and stubborn, unwilling to offer additional funding needed to complete a project.

Amount: $150,000
Industry: Property development
Location: Bay of Plenty
LVR: 50%
Type of security: First mortgage over an apartment in Auckland.
Path to repayment: Completion of property development and refinancing locally, or sale of the developed property once finished. Alternatively, the sale of the apartment taken as security for this loan.

Why Merx: We recognised that the project needed a cash injection to reach completion. We were able to provide this client with a quick decision after assessing the likely value of their apartment, without needing to obtain registered valuations, and provided the funds they needed within one week.

CLIENT SCENARIO #2

Why did this client need our funding: Property investor seeking to purchase a new commercial investment asset – it was a “good buy.” The bank made promises but provided no certainty of approval. The client needed to get on and settle the purchase to get hold of this opportunity.

Amount: $450,000
Industry: Commercial property investment
Location: Auckland
LVR: 55%
Type of security: First mortgage over investment property.
Path to repayment: Refurbish, re-lease, and refinance.

Why Merx: We were quick to understand the opportunity and provided an approval within a day – we know a good deal when we see it. This client just needed our fast, flexible, and simple solution to help secure the opportunity.

CLIENT SCENARIO #3

Why did this client need our funding: A business owner in a growth phase needed capital to pursue new contracts and scale up operations. After weathering a challenging couple of years, things were turning around — but his equity was tied up in property, and banks weren’t able to assess his situation holistically. He needed a lender who could take a wider view of both his business and investment assets.

Amount: $225,000
Industry: Construction and investment property
Location: Auckland
LVR: 75%
Type of security: Second mortgage over investment property and general security over business assets.
Path to repayment: Business cash flow from new contracts and ongoing operations.

Why Merx: We looked at the full picture — not just business or property in isolation. Our flexible approach allowed this client to unlock equity and pursue growth, with funding structured around his actual capacity, not just what the tick-box models say.