The recent OCR cut has sparked conversation and opened up new opportunities for businesses and property professionals looking to move fast. With lower interest rates in play, now is the time to secure funding—whether it’s for expansion, cash flow, or time-sensitive deals.
CLIENT SCENARIO #1
Why did this client need our funding: Business owner, undertaking a restructure in their business. Needed funds to meet restructure costs and fund working capital. Bank too slow and not supportive. We provided a quick response and clear commitment to fund.
Amount: $500,000
Industry: Building materials and trade
Location: Auckland
LVR: 56%
Type of security: Business assets and second mortgage over residential property.
Path to repayment: Sale of residential property assets.
Why Merx: We were the ideal funding partner for this client as we were able to provide swift, decisive action in a time-sensitive situation. Unlike traditional lenders that often have lengthy approval processes and rigid lending criteria, Merx offers flexibility, tailored to the unique needs of business owners.
CLIENT SCENARIO #2
Why did this client need our funding: Business owner expanding operations. Needed funds to fit out a new premises. Bank didn’t want to rely on forecast profits for servicing and repayment of the loan. We understood the investment proposal and backed our client’s plan.
Amount: $250,000
Industry: Fitness
Location: Auckland
LVR: 50%
Type of security: First mortgage over industrial property.
Path to repayment: Business cashflow and likely refinance to main bank once track record is established.
Why Merx: When the bank hesitated to fund the fit-out of the new premises due to concerns about projected earnings, Merx stepped in with a quick and confident commitment. Our understanding of the client’s investment proposal and our flexibility in structuring the loan with a first mortgage over the industrial property provided the necessary backing to move forward.
CLIENT SCENARIO #3
Why did this client need our funding: Business funding to help a national import/wholesale and online retail business refinance some very expensive, poorly structured business debt and provide further funding to support working capital into the summer season.
Amount: $175,000
Industry: Import/wholesale and online retail
Location: Christchurch – nationwide
LVR: 70%
Type of security: Business assets and second mortgage (caveat) over residential property.
Path to repayment: Regular monthly payments from business cashflow.
Why Merx: We were quickly able to understand the client’s business and their seasonal funding requirement. The previous business funding arrangement was draining all of the surplus cash from this profitable business and they needed a better structure. Merx was able to provide that.