Addressing commercial realities with alternative finance

27

May

Our business and property clients are increasingly seeking our help because we understand that commercial realities don’t fit within the tightly defined boxes of corporate lenders.

Author

Andrew
Dunning

Our business and property clients are increasingly seeking our help because we understand that commercial realities don’t fit within the tightly defined boxes of corporate lenders.

CLIENT SCENARIO #1

Why did this client need our funding: Funds required to complete a subdivision, section has sold unconditionally and will settle once the title has been issued.

Amount: $100,000
Industry: Residential property developer
Location: Auckland City
LVR: 65%
Type of security: Second mortgage over residential property
Path to repayment: Funds from settlement of section once subdivision is complete.

Why Merx: Quick decision and flexible funding structure, aligning with the client’s plan.


CLIENT SCENARIO #2

Why did this client need our funding: Property developments rarely come in on time and on budget. This client needed funding to rebalance their bank funding arrangement after encountering cost over-runs on a residential property development.

Amount: $150,000
Industry: Property development
Location: Auckland and Hamilton
LVR: 55%
Type of security: Second mortgage over separate, stand-alone residential property
Path to repayment: Completion and sell down of residential property development project.

Why Merx: Practical solution to completing a project. We considered the matter and provided an ‘out-of-the-box’ solution that helped the client get ahead.


CLIENT SCENARIO #3


Why did this client need our funding: Support working capital for business growth. Due to the 20 day delay of processing payments for services performed onsite, working capital resources to fund business growth had capped out.

Amount: $115,000
Industry: Mobile healthcare
Location: Auckland
LVR: 85%
Type of security: Second mortgage over residential property
Path to repayment: Principal and interest payments from business cashflow.

Why Merx: Practical solution outside the ‘Bank Box’. We delivered a solution that aligned with our client’s actual funding needs.

 

Author

Andrew Dunning

Have questions or want to explore your options?

We’d love to hear from you. Call us on 09 215 9364 or email [email protected] to set up a time to chat.

Explore more articles from the categories below...

Looking for a finance provider to bring your dreams into reality?

Contact Merx today and discover how we can help

REQUEST A CALL

You may also like...

More Business & Finance

We'd love to hear from you. Please fill in the form below to request a callback

Contact Merx and see how we can help you on your way.