PRE-DEVELOPMENT FUNDING Client Scenario: This client was looking at developing six units in a popular Auckland suburb. However, their bank was reluctant to provide the pre-development funding they required to get their project moving. Merx Solution: Being under 70 per cent LVR on their property, and with a sound development project idea in the pipeline, this client […]
Pre-development funding and equity release in action Read More »
PRE-DEVELOPMENT FUNDING Client Scenario: This client, a small property developer, had approximately 50 per cent of the value of their land in debt with their bank, and they needed $100k to move the consenting and planning forward. However, it was difficult for them to show that they could service the mortgage from their salary, and the
When property developers don’t fit the traditional mould Read More »
PRE-DEVELOPMENT FUNDING Client Scenario: This client had bought large sites with the vision of potentially carrying out property development projects in the future. However, they hadn’t purchased land with that specific intent, and while they knew development could happen, they hadn’t scoped down the specifics of those plans. Having decided to move forward with the project,
Pre-development funding available at Merx Read More »
SMALL TOWNHOUSE DEVELOPMENT Client Scenario: This client was looking at purchasing land in South Auckland, to proceed with the building of six townhouses. Seeking funding through mainstream lenders would have entailed a lengthy and more complex finance approach, so the client – who had worked with us in the past and knew how we operate –
Our simplified approach to small development funding Read More »
EQUITY WITHDRAWAL Client Scenario: This client, an existing business owner and investor, was looking at expanding into a new field by purchasing a business in the health and fitness industry, a gym. The acquisition was complementary to their existing business, although not directly related to it. The client needed additional funds to complete the purchase, but
Business acquisition and working capital in action Read More »
FIRST-MORTGAGE LENDING Client Scenario: This client, an Auckland-based property developer, needed funds to complete the construction of a two-house subdivision development. However, due to tightening banks’ rules around loan-to-value ratio and pre-sales requirements, raising finance through traditional lending proved to be a lengthy and uncertain process. As the amount this client required did not qualify for
Property development and business acquisition funding Read More »
BUSINESS OWNERS Term-Debt Funding: A retailer, who was planning to expand their business into new premises, needed to raise funding to complete the fit-outs of their new location. Looking at our clients’ plans and projected returns, we were able to confirm that the business was profitable and poised for growth. We then funded $50,000 to repay
The Merx difference in a snapshot Read More »
FAST TURN-AROUND Client Scenario: This client – a retail business owner and property investor – needed funding to settle the purchase of an investment property that they had already contracted. However, the client found the process of raising funds through the bank too slow for their requirements. Also, they required a high-LVR loan of 80 per
Fast turnaround for property and import finance Read More »
EQUITY RELEASE Client Scenario: This client – a project management business owner – was looking at injecting equity into their business, to fund a new project opportunity. They wanted to leverage the equity built in their existing property portfolio, one owner-occupier home and one investment property. However, seeing that the bank was slow to respond, they
Equity release and first-mortgage funding in action Read More »
Time is of the essence when it comes to seizing new business opportunities. Here’s how our fast-turnaround times can help.
We think long term, but act fast Read More »
