The new CCCFA rules and building momentum in projects

This is where our simple pre-development finance tool can make a difference. Read on to learn more.
The new CCCFA rules

Are you tearing your hair out with main bank requirements around the new CCCFA rules? As lenders for business and investment purposes, we have been helping many small property developers who are getting caught up in this and finding it difficult to raise small amounts of money ($50,000 – $100,000) to get their projects moving. 

While they have viable projects in hand, being in the earlier planning stages means that they often lack the detailed information and designs they would require to articulate the project to a mainstream lender for full project funding. 

This is where our simple pre-development finance tool can make a difference. Thanks to our pragmatic approach and understanding of credit and lending rules, we are able to provide a fast response and a pragmatic assessment of a client’s requirements. 

You can download the offer details here. And if you would like to discuss this further, or talk through a current development project, please don’t hesitate to get in touch.


Client Scenario: This client needed a $100k finance boost to fund the pre-development planning and design of a housing project in Takanini, South Auckland. Time is always of the essence in property development. Anticipating delays with receiving an approval from the bank, the client approached us to get the project moving.

Merx Solution: As part of our pre-development funding offer, we were able to deliver the fast response that this client was hoping for. The deal was closed in just a week, from enquiry to ‘money out the door’. The $100k loan is at 60% LVR, to repay in six months: this will allow them to get their project articulated and ready for project funding, either with us or through a mainstream finance provider.


Client Scenario: In another recent scenario, we were approached by a client looking for $300k to fund development costs on a pre-sold land development opportunity. Despite the required funding being only 30% LVR ratio, they couldn’t satisfy their main bank’s CCCFA requirements in terms of servicing the loan – “it was just too hard!”. Looking at moving on with the work, they approached Merx for a faster solution. 

Merx Solution: We assessed that the client had a very low level of debt, and will view the sale of the property asset as a source of servicing and repayment. We provided the $300k second-mortgage funding that they required, which will enable them to complete work on the land and progress it to sale. With the funding taken care of, the client can now get on with the important parts of the project.

Give us a call on 09 215 9364 or email us at if you’d like to set up a time to talk.

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