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Asset types

Residential: Secured loans for which the principal secured property is residential property.

Commercial: Secured loans for which the principal secured property is commercial property.

Rural: Secured loans for which the principal secured property is rural property.

Top 3 reasons for lending:

  • Equity release for business purposes.

  • Purchase of security asset.

  • Refinance existing debt + top up from another lender.

$1,379,820

Average investment per investor

$520,000

Average loan size

44%

Current Portfolio LVR

$1,379,820

Average investment per investor

$520,000

Average loan size

44%

Current Portfolio LVR

Portfolio

Bridge Hill, Alexandra

Bridge Hill, Alexandra

First mortgage security

Security description: Four bedroom home on circa 590m² of freehold land

CV: $760,000

Loan advance: $250,000

Loan to value ratio (LVR): 33%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for renovation costs

Exit strategy: Sale of the security property to repay the debt

Red Beach, Auckland

Red Beach, Auckland

First mortgage security

Security description: Title issued, road frontage freehold section of circa 380m²

Registered valuation: $615,000

Loan request: $330,000

Loan to value ratio (LVR): 54%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinance existing lender, plus an equity release for development soft costs

Exit strategy: Refinance to a construction lender, when the new build home is ready to be built

Aro Valley, Wellington and Otaki Beach, Otaki

Aro Valley, Wellington and Otaki Beach, Otaki

First mortgage across two securities

Security description: Property 1: 140m² residential home, on a circa 690m² freehold site. Property 2: 70m² home, located on a circa 500m² freehold site

Combined CV: $1,620,000

Loan request: $600,000

Loan to value ratio (LVR): 37%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinance the current lender

Exit strategy: Refinance to a main bank once the borrower’s accounts are ready

Ohoka, Christchurch

Ohoka, Christchurch

First mortgage security

Security description: Large residential home constructed in 2020. With a floor area of circa 300m², on 4ha of land

Registered valuation: $1,530,000

Loan request: $924,480

Loan to value ratio (LVR): 60%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: An equity release to repay current lenders

Exit strategy: Sale of the security asset to repay the debt

Tītahi Bay, Porirua

Tītahi Bay, Porirua

First mortgage across two securities

Security description: Property 1: Circa 120m², residential home. Property 2: 70m², residential home. Both properties are on a cross lease title, with a half share of circa 1,010m²

Combined CV: $1,480,000

Loan request: $760,000

Loan to value ratio (LVR): 51%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinance the current lender

Exit strategy: Sale of the security assets to repay the debt

Torbay, Auckland and Kaukapakapa

Torbay, Auckland and Kaukapakapa

First mortgage across two securities

Security description: Property 1: 210m² home, on a cross lease title. Property 2: Home and income style property on 1.47ha of freehold land

Combined CV: $2,150,000

Loan request: $1,070,000

Loan to value ratio (LVR): 50%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Settle the purchase of property one

Exit strategy: Sale of the Torbay security asset to repay the debt

Stanmore Bay, Auckland

Stanmore Bay, Auckland

First mortgage across two securities

Security description: Property 1: 480m² retail commercial building. Property 2: Circa 530m² retail commercial building. Each property is on their own title

Combined CV: $1,610,000

Loan request: $800,000

Loan to value ratio (LVR): 50%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinance current lender

Exit strategy: Refinance out to a main bank prior to end of term with consistent tenancy cash flow

Fairfield, Hamilton

Fairfield, Hamilton

First mortgage security

Security description: Circa 90m² residential home on 776m² of freehold land

CV: $700,000

Loan request: $100,000

Loan to value ratio (LVR): 14%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Fund renovations on the property

Exit strategy: On-sell the property for profit

Grey Lynn, Auckland

Grey Lynn, Auckland

First mortgage across two securities

Security description: Property 1: 47m² office building constructed in 2018, on unit title. Property 2: Circa 170m² freehold section (land only)

Combined CV: $1,850,000

Loan request: $954,350

Loan to value ratio (LVR): 52%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Refinance current lender plus an equity release for business purposes

Exit strategy: Sale of security assets to repay the debt

Woodend, Canterbury

Woodend, Canterbury

First mortgage security

Security description: 180m² brick home on circa 2.8ha of freehold land. Additionally there is a three bay barn on-site plus a circa 50m² granny flat

Registered valuation: $1,180,000

Loan request: $700,000

Loan to value ratio (LVR): 59%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: An equity release for the borrower to use for their business expansion

Exit strategy: Refinance to a main bank with improved business accounts in 12 months

Papanui, Christchurch

Papanui, Christchurch

First mortgage security

Security description: Residential home with a floor area of 110m², located on circa 760m² of freehold land

CV: $670,000

Loan request: $170,000

Loan to value ratio (LVR): 25%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release to subdivide the property into two titles

Exit strategy: Refinance to a main bank once separate titles have been issued

Kumeu, Auckland

Kumeu, Auckland

First mortgage security

Security description: 240m² large brick home, built in 2018. Located on a freehold section of circa 680m²

CV: $1,550,000

Loan request: $500,000

Loan to value ratio (LVR): 32%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinance existing lender plus small equity release

Exit strategy: Refinance to a main bank with improved accounts in 6-12 months

Mount Albert, Auckland

Mount Albert, Auckland

First mortgage security

Security description: Two bedroom residential home with a floor area of circa 100m², on 630m² of freehold land

CV: $1,850,000

Loan request: $829,600

Loan to value ratio (LVR): 45%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release to get consent for subdivision, plus working capital

Exit strategy: Refinance to specialist construction lender once the consents have been approved

Manurewa, Auckland

Manurewa, Auckland

First mortgage security

Security description: Circa 140m² brick and tile home, located on a circa 610m² freehold site

CV: $790,000

Loan request: $445,000

Loan to value ratio (LVR): 56%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinancing the current lender, plus a top up to renovate the property

Exit strategy: Sale of security asset to repay
the debt

Eastbourne, Lower Hutt

Eastbourne, Lower Hutt

First mortgage security

Security description: 140m² residential home on circa 610m² of freehold land

CV: $1,100,000

Loan request: $565,100

Loan to value ratio (LVR): 51%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for the borrower to use on another one of their projects

Exit strategy: Sale of security asset to repay
the debt

Flat Bush, Auckland

Flat Bush, Auckland

First mortgage security

Security description: Circa 120m² residential home, on circa 640m² of freehold land

CV: $1,100,000

Loan request: $596,800

Loan to value ratio (LVR): 54%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinance the current lender

Exit strategy: Refinance to the main bank to repay the debt once borrower’s accounts are ready

Takaka, Tasman

Takaka, Tasman

First mortgage security

Security description: Large residential home, on circa 1,240m² of freehold land

Purchase price: $365,000

Loan request: $100,000

Loan to value ratio (LVR): 27%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Funds are being used to build an additional tiny home on the security property

Exit strategy: Refinance to main bank to repay the debt upon completion of the tiny home

Westgate, Auckland

Westgate, Auckland

First mortgage security

Security description: Freehold section with a land area of circa 200m² (Land only)

CV: $565,000

Loan request: $162,600

Loan to value ratio (LVR): 29%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for business purposes

Exit strategy: Sale of the security asset to repay the debt

Richmond, Tasman

Richmond, Tasman

First mortgage security

Security description: Large residential home built in 2020, with a floor area of circa 210m². Located on circa 550m² of freehold land

CV: $850,000

Loan request: $159,600

Loan to value ratio (LVR): 19%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for business purposes

Exit strategy: Sell the security asset to repay the debt

Mangere, Auckland

Mangere, Auckland

First mortgage security

Security description: Circa 160m² residential home, on circa 450m² of freehold land

CV: $910,000

Loan request: $514,990

Loan to value ratio (LVR): 57%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinance existing debt from borrower’s current lender

Exit strategy: Refinance to a main bank once accounts are ready, prior to the end of the loan term

New Brighton, Christchurch

New Brighton, Christchurch

First mortgage security

Security description: Circa 460m² commercial building, on circa 2330m² of freehold land

Land value: $1,300,000

Loan request: $534,600

Loan to value ratio (LVR): 41%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Funds are being used to settle the purchase of a lifestyle section

Exit strategy: Refinance the debt to a main bank

Cockle Bay, Auckland

Cockle Bay, Auckland

First mortgage security

Security description: Circa 600m² freehold section (land only)

CV: $900,000

Loan request: $321,504

Loan to value ratio (LVR): 36%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: The borrower will fund the construction of a new build dwelling on the section

Exit strategy: Sale of the property once construction is complete

Papatoetoe, Auckland

Papatoetoe, Auckland

First mortgage security

Security description: Residential unit with a floor area of circa 90m² on a cross-lease title

Purchase price: $450,000

Loan request: $256,500

Loan to value ratio (LVR): 57%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Funds are being used to purchase the security asset

Exit strategy: The borrower will renovate the security asset before selling to repay the debt

Cambridge, Waikato

Cambridge, Waikato

First mortgage security

Security description: Circa 130m², large fully renovated residential home

CV: $795,000

Loan request: $459,000

Loan to value ratio (LVR): 58%

Term: 10 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Funds used to settle the purchase of the property

Exit strategy: Put tenants in then refinance to main bank after 6 months consistent cash flow

Mangere East, Auckland

Mangere East, Auckland

First mortgage security

Security description: A large residential home with a one bedroom, one bathroom dwelling onsite, totalling a combined area of 130m², on circa 680m² of freehold land

CV: $1,125,000

Loan request: $549,700

Loan to value ratio (LVR): 49%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Funds to be used to settle the balance of the purchase

Exit strategy: Borrower will renovate the property and on-sell for profit

Te Kauwhata, Mangateparu and Tahuna, Morrinsville

Te Kauwhata, Mangateparu and Tahuna, Morrinsville

First mortgage security

Security description: Property 1: Industrial shed on circa 2,750m² of freehold land. Property 2: Residential dwelling on 8ha of freehold land. Property 3: Residential dwelling on circa 8,000m² of freehold land

Combined asset value: $4,001,500

Loan request: $2,114,258

Loan to value ratio (LVR): 53%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Funds are being used to settle the purchase of property two

Exit strategy: Sale of the other security properties to reduce debt amount, before refinancing the balance to a bank or long term lender

Papakura, Auckland

Papakura, Auckland

First mortgage security

Security description: Large 120m² residential home

CV: $720,000

Loan advance: $350,000

Loan to value ratio (LVR): 49%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Funds to be used to settle property

Exit strategy: Sale of the security property to repay the debt

Glenfield, Auckland

Glenfield, Auckland

First mortgage security

Security description: 600m² commercial building, concrete block construction

CV: $1,975,000

Loan request: $973,000

Loan to value ratio (LVR): 49%

Term: 24 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Refinance the current lender

Exit strategy: Sell the security in 2025

Birkdale, Auckland

Birkdale, Auckland

First mortgage security

Security description: Residential home with a floor area of 180m², on circa 660m² of freehold land

CV: $1,150,000

Loan request: $586,250

Loan to value ratio (LVR): 51%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for business purposes

Exit strategy: Sale of security asset

Matakohe, Northland

Matakohe, Northland

First mortgage security

Security description: Two dwellings, on a combined floor area of 350m². This is across three freehold titles comprising 166ha land

Purchase price: $3,000,000

Loan request: $1,031,000

Loan to value ratio (LVR): 34%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Equity Release to subdivide into smaller lifestyle blocks

Exit strategy: Sale of the individual lifestyle blocks to repay debt

Hamilton/Northland

Hamilton/Northland

First mortgage security

Security description: Two high-end lifestyle properties in Hamilton and a residential property in Northland

Combined CV: $3,470,000

Loan advance: $1,160,100

Loan to value ratio (LVR): 33%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Funds required to purchase the security asset in Northland

Exit strategy: Sale of security properties once the renovations are complete

Waihi Beach

Waihi Beach

First mortgage security

Security description: Residential home on circa 510m² of freehold land

CV: $900,000

Loan request: $258,500

Loan to value ratio (LVR): 29%

Term: 18 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Funds are being used as an equity release for business purposes

Exit strategy: Refinance the security asset to a bank to repay the debt

Grey Lynn, Auckland

Grey Lynn, Auckland

First mortgage security

Security description: Commercial office unit, floor area of 42m² owner occupied business

CV: $480,000

Loan advance: $230,000

Loan to value ratio (LVR): 48%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for borrower to use for business cash flow

Exit strategy: Sale of the property. Borrower will stay on as tenant to lease from the new owner

Central Dunedin

Central Dunedin

First mortgage security

Security description: 25 bedroom boarding house on 549m² of land. Rental income of $267,000p.a.

CV: $2,140,000

Loan advance: $804,800

Loan to value ratio (LVR): 38%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Renovation costs to increase rental income

Exit strategy: Refinance to main bank with updated cash flow

Kawakawa, Northland

Kawakawa, Northland

First mortgage security

Security description: 112m² residential home built in 1970's on 2,034m² of freehold land

CV: $480,000

Loan advance: $164,500

Loan to value ratio (LVR): 34%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Refinance existing loan plus top-up for renovation costs

Exit strategy: Sell property once renovation is completed

Gate Pa, Tauranga

Gate Pa, Tauranga

First mortgage security

Security description: Three bedroom 105m² dwelling on 809m² of freehold land

Purchase price: $820,000

Loan advance: $488,800

Loan to value ratio (LVR): 60%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears 

Purpose of funds: Settle the purchase plus soft costs for resource consent

Exit strategy: Refinance to construction lender to complete development

Saint Andrews, Hamilton

Saint Andrews, Hamilton

First mortgage security

Security description: 150m² brick and tile home on freehold 446m² section

CV: $850,000

Loan advance: $108,000

Loan to value ratio (LVR): 13%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for renovation costs

Exit strategy: Sell property once renovation is completed

Unsworth Heights, Auckland

Unsworth Heights, Auckland

First mortgage security

Security description: 140m² two level home on two level home on freehold 609m² section

CV: $1,050,000

Loan advance: $590,000

Loan to value ratio (LVR): 56%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears 

Purpose of funds: Extend existing loan plus top-up for development soft costs

Exit strategy: Refinance to construction lender once consent is issued for development

Te Atatu South & Westgate, Auckland

Te Atatu South & Westgate, Auckland

First mortgage across two securities

Security description: 213sqm house on 450sqm of freehold land and 127sqm three bedroom home on 257sqm freehold land

Combined CV: $1,770,000

Loan advance: $580,000

Loan to value ratio (LVR): 33%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Balance of funds to settle purchase of the Te Atatu South property

Exit strategy: Borrower will renovate the Te Atatu South property and on-sell profit

Grey Lynn, Auckland

Grey Lynn, Auckland

First mortgage security

Security description: 119sqm three bed 1910s home on freehold 407sqm land

CV: $2,325,000

Loan advance: $683,000

Loan to value ratio (LVR): 29%

Term: 12 months

Interest rate: 11%p.a. capitalised (11.57% total)

Purpose of funds: Refinance existing mortgage and equity release for three unit development consenting process 

Exit strategy: Refinance to construction lender once resource and building consent approved

Temple View, Hamilton

Temple View, Hamilton

First mortgage secuirty

Security description: 512sqm five bedroom home on 2.1ha of freehold land

CV: $1,930,000

Loan advance: $426,000

Loan to value ratio (LVR): 22%

Term: 12 months

Interest rate: 11%p.a. capitalised (11.57% total)

Purpose of funds: Equity release for cash flow use in the borrower's business

Exit strategy: Refinance via main bank with improved business financials in 12 months

Sunnyvale, Auckland

Sunnyvale, Auckland

First mortgage security

Security description: Near-new three bedroom, two bathroom 110m² home on 316m² freehold section

Registered valuation: $840,000

Loan advance: $225,000

Loan to value ratio (LVR): 27%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for renovation project on another of the borrower's properties

Exit strategy: Sale of borrower's other property

Whitford, Auckland

Whitford, Auckland

First mortgage security

Security description: 6,289m² lifestyle property in new subdivision (bare land)

Registered valuation: $1,575,000

Loan advance: $730,000

Loan to value ratio (LVR): 46%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Equity release for large additions to borrower's residential home

Exit strategy: Sale of property

Manukau, Auckland

Manukau, Auckland

First mortgage security

Security description: 210sqm Industrial unit and 178sqm industrial unit constructed in the 1980's

Registered valuation: $1,520,000 + GST

Loan advance: $800,000

Loan to value ratio (LVR): 53%

Term: 12 months

Interest rate: 12% p.a. paid monthly in arrears

Purpose of funds: Funds required to refinance out existing lender plus small equity release

Exit strategy: Sale of property

Point Chevalier, Auckland

Point Chevalier, Auckland

First mortgage security

Security description: Two seperate freestanding dwellings being split into two titles

Value estimate: $1.8M - $1.9M

Loan advance: $800,000

Loan to value ratio (LVR): 44%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears 

Purpose of funds: Balance of funds required to settle purchase and equity release to split titles

Exit strategy: Sale of one property, borrower will keep the other

Hamilton Central, Hamilton

Hamilton Central, Hamilton

First mortgage security

Security description: Two commercial buildings, unit titles, combined floor area of 810sqm

Combined CV: $3,715,000

Loan advance: $800,000

Loan to value ratio (LVR): 22%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears 

Purpose of funds: Equity release to renovate one of the buildings, then lease to new tenant

Exit strategy: Refinance via main bank once long term tenant lease in place

Eden Terrace, Auckland

Eden Terrace, Auckland

First mortgage security

Security description: 144m² commercial building, brick and steel construction, unit title (Stratum in Freehold)

CV: $930,000

Loan advance: $173,400

Loan to value ratio (LVR): 19%

Term: 10 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for borrower's business cash flow

Exit strategy: Refinance out to main bank prior to end of term with better business financials

Oriental Bay, Wellington

Oriental Bay, Wellington

First mortgage security

Security description: 260m² weatherboard eight bedroom home and income on 496m² freehold land

CV: $3,900,000

Loan advance: $1,236,000

Loan to value ratio (LVR): 32%

Term: 6 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Balance of funds for purchase and equity release for renovation

Exit strategy: Refinance out to main bank once renovation completed and fully tenanted, approx $2,700pw

Papakura, Auckland

Papakura, Auckland

First mortgage security

Security description: 248m² industrial warehouse on 1,263m² of freehold land

CV: $1,160,000

Loan advance: $271,800

Loan to value ratio (LVR): 23%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity Release for borrower to use for business cashflow

Exit strategy: Refinance out to main bank at end of loan term once business financials are better

Northcote Point, Auckland

Northcote Point, Auckland

First mortgage security

Security description: 100m² dwelling on a half share of 1,005m² of land, cross-lease (freehold)

Purchase price: $1,465,000

Loan advance: $465,750

Loan to value ratio (LVR): 32%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears 

Purpose of funds: Balance of capital required for settlement

Exit strategy: Sale of one of the borrower's other properties

Grey Lynn, Auckland

Grey Lynn, Auckland

First mortgage security.

Security description: 119m² three bed 1910s home on freehold 407m² land

CV: $2,325,000

Loan advance: $683,000

Loan to value ratio (LVR): 29%

Term: 12 months

Interest rate: 11%p.a. capitalised (11.57% total)

Purpose of funds: Refinance existing mortgage and equity release for three unit development consenting process

Exit strategy: Refinance to construction lender once resource and building consent approved

Kingseat and Mangere East, Auckland

Kingseat and Mangere East, Auckland

First mortgage across two securities.

Security description: Property 1: 29ha lifestyle property down a private gated driveway. Property 2: 789m² of freehold land

Combined CV: $4,500,000

Loan advance: $1,038,000

Loan to value ratio (LVR): 23%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Refinance existing lender and equity release for development funding on another property

Exit strategy: Sale of property one, currently on market

Tokoroa, South Waikato

Tokoroa, South Waikato

First mortgage security

Security description: 1,129m² four bedroom home on 751m² land

For sale: $530,000

Loan advance: $225,000

Loan to value ratio (LVR): 42%

Term: 6 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Refinance and equity release for renovation cost on another property

Exit strategy: Sale of property currently on market

Otahuhu, Auckland

Otahuhu, Auckland

First mortgage security.

Security description: 100m² three bedroom 1920's villa

CV: $900,000

Loan advance: $429,000

Loan to value ratio (LVR): 48%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for balance of settlement funds and renovation

Exit strategy: Sale of property once renovation completed

Swanson, Auckland

Swanson, Auckland

First mortgage security.

Security description: 210m² four bedroom home on 1,012m² freehold land, development site

CV: $1,420,00

Loan advance: $627,000

Loan to value ratio (LVR): 44%

Term: 9 months

Interest rate: 11%p.a paid monthly in arrears

Purpose of funds: Equity release for Cap-Ex in borrower's business

Exit strategy: Sale of property once Resource Consent approved

Otahuhu, Auckland

Otahuhu, Auckland

First mortgage security

Security description: 1,040sqm commercial property, corner site, owner occupied tenancy

Purchase price: $2,400,000

Loan advance: $1,040,000

Loan to value ratio (LVR): 43.4%

Term: 12 months

Interest rate: 11.75%p.a. paid monthly in arrears

Purpose of funds: Equity release for cap-ex investment into borrower's business

Exit strategy: Refinance out to main bank lender with new financials

Albany, Auckland

Albany, Auckland

First mortgage security

Security description: 220sqm four bedroom home on 610sqm freehold land

Purchase price: $1,325,000

Loan advance: $463,000

Loan to value ratio (LVR): 35%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Equity release for cap-ex investement into borrower's business

Exit strategy: Repayment of debt from business net profit

Avondale, Auckland

Avondale, Auckland

First mortgage security

Security description: Brand new two bedroom terraced home on freehold title

Purchase price: $870,000

Loan advance: $355,000

Loan to value ratio (LVR): 41%

Term: 6 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Settle the purchase

Exit strategy: On-selling for profit as residual stock

Northcote Point, Auckland

Northcote Point, Auckland

First mortgage security

Security description: 100m² dwelling on a half share of 1,005m² of land, cross-lease (freehold)

Purchase price: $1,465,000

Loan advance: $465,750

Loan to value ratio (LVR): 32%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Balance of capital required for settlement

Exit strategy: Sale of one of the borrower's other properties 

Long Bay, Auckland

Long Bay, Auckland

First mortgage security

Security description: Title issued 452m² freehold section, all services on site

Purchase price: $920,000

Loan advance: $494,000

Loan to value ratio (LVR): 54%

Term: 12 months

Interest rate: 13%p.a. paid monthly in arrears

Purpose of funds: Balance of capital required for settlement

Exit strategy: Sale of new build property on the site - borrower using own cash to complete

Southland

Southland

First mortgage security

Security description: Eight two bedroom units on 1,629m² land

Registered valuation: $790,000

Loan advance: $300,000

Loan to value ration (LVR): 38%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Refinance plus equity release for renovations

Exit strategy: Sale of property once renovation completed

Kingseat and Mangere East, Auckland

Kingseat and Mangere East, Auckland

First mortgage across two securities

Security description: Property 1: 29ha lifestyle property down a private gated driveway. Property 2: 789m² of freehold land

Combined CV: $4,500,000

Loan advance: $1,038,000

Loan to value ratio (LVR): 23%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Refinance existing lender and equity release for development funding on another property

Exit strategy: Sale of property one, currently on market

Waipu, Northland

Waipu, Northland

First mortgage security

Security description: One studio dwelling plus accommodation pods and garage on 2.5ha

Registered valuation: $700,000

Loan advance: $273,000

Loan to value ratio (LVR): 39%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for short term business cashflow purposes, prior to sale

Exit strategy: Repay debt from the sale

Riverhead, Auckland

Riverhead, Auckland

First mortgage security

Security description: 135m² three bedroom home on 693m² of freehold land

CV: $1,130,000

Loan advance: $510,000

Loan to value ratio (LCR): 45%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Balance of funds required to settle property

Exit Strategy: Borrower is renovating the property and will on-sell for profit

Melville, Hamilton

Melville, Hamilton

First mortgage security

Security description: Large residential home on circa 830m² of freehold land

CV: $710,000

Loan advance: $285,000

Loan to value ratio (LVR): 40%

Term: 9 months

Interest rate: 11.4%p.a. paid monthly in arrears

Purpose of funds: Funds are used to purchase an investment property and renovation funds

Exit strategy: Sale of the security property to

repay the debt

Matamata

Matamata

First mortgage security

Security description: Large residential home on 1,800m² of freehold land

Purchase price: $1,250,000

Loan request: $470,000

Loan to value ratio (LVR): 38%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Funds are being used to purchase the security asset

Exit strategy: Sale of another property which the borrower owns to repay the debt

Favona, Auckland

Favona, Auckland

First mortgage security

Security description: Residential home on circa 680m² of freehold land

CV: $960,000

Loan request: $119,000

Loan to value ratio (LVR): 12%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Funds are being used as an equity release to renovate the security asset

Exit strategy: Sale of the security asset

Puketepu, Hawke's Bay

Puketepu, Hawke's Bay

First mortgage security

Security description: Four bedroom home on 7.8 hectares of land

CV: $3,280,000

Loan advance: $1,290,000

Loan to value ratio (LVR): 39% 

Term: 12 months

Interest rate: 13% p.a. capitalised into loan repayment

Purpose of funds: Refinance existing debt from current lender

Exit strategy: Sale of the property

Waltham, Christchurch

Waltham, Christchurch

First mortgage security

Secuirty description: Three bedroom home on freehold 563m² subdividable site

iValuation: $430,000

Loan advance: $240,000

Loan to value ratio (LVR): 56%

Term: 6 months 

Interest rate: 12%p.a. paid monthly in arrears 

Purpose of funds: Equity release plus fund development soft costs

Exit strategy: Refinance to construction lender upon consent issued

Auckland

Auckland

Four first mortgage securities

Security description: Two residential properties in Clover Park and Henderson, and two commercial properties in Pukekohe

Combined valuation: $2,400,000

Loan advance: $1,185,000

Loan to value ratio (LVR): 49%

Term: 12 months

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Settle the purchase of the Henderson property plus refinance the other mortgages

Exit strategy: Sale of the residential security assets

Remuera, Auckland

Remuera, Auckland

First mortgage security

Security description: 140m² retail unit with apartment upstairs, on 157m² of land 

Registered valuation: $1,450,000

Loan advance: $400,000

Loan to value ratio (LVR): 28%

Term: 12 months 

Interest rate: 12%p.a. paid monthly in arrears

Purpose of funds: Funds are being used to purchase the security asset

Exit strategy: Borrower will repay debt using cash flow from business

Otara, Auckland

Otara, Auckland

First mortgage security

Security description: Three bedroom 110m² home on 563m² freehold site 

CV: $830,000

Loan advance: $426, 300

Loan to value ratio (LVR): 51%

Term: 6 months 

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Finance and renovate the property 

Exit strategy: Sale of the property once renovation is complete

Manly, Auckland

Manly, Auckland

First mortgage security

Security description: Two bedroom home on 344m² freehold site

CV: $600,000

Loan advance: $322,140

Loan to value ratio (LVR): 54%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Finance and renovate the property 

Exit strategy: Sale of property once renovation is complete

Waipapa, Bay of Islands

Waipapa, Bay of Islands

First mortgage security

Security description: Relocated home on 4,130m² lifestyle block

Registered valuation: $855,000

Loan advance: $360,500

Loan to value ratio (LVR): 42%

Term: 12 months 

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release to complete the renovation of the security property

Exit strategy: Sale of security property once renovation is complete

Sunnyvale and Kelston, Auckland

Sunnyvale and Kelston, Auckland

Two first mortgage securities

Security description: 110m² three bedroom on freehold site plus four bedroom, two bathroom home on cross-lease site

Combined valuation: $1,730,000

Loan advance: $918,000

Loan to value ratio (LVR): 53%

Term: 12 months

Interest rate: 11%p.a. paid monthly in arrears

Purpose of funds: Equity release for borrower to settle a purchase of trade property

Exit strategy: Renovate and sell the trade property

Mangaroa, Upper Hutt

Mangaroa, Upper Hutt

First mortgage security

Security description: 355m² brand new build four bedroom home on a 4.1ha lifestyle block 

Registered valuation: $2,950,000

Loan advance: $1,045,280

Loan to value ratio (LVR): 35%

Term: 12 months

Interest rate: 12.6% p.a. capitalised into loan repayment

Purpose of funds: Equity release for borrower to finish a development project

Exit strategy: Sale of the borrower's development project

Fernhill, Queenstown

Fernhill, Queenstown

First mortgage security

Security description: Three bedroom, two bathroom 110m² home with unobstructed lake views

CV: $730,000

Loan advance: $216,500

Loan to value ratio (LVR): 30%

Term: 12 months 

Interest rate: 11%p.a. paid monthly in arrears 

Purpose of funds: Equity release for funds to be used to purchase a unit in Auckland CBD

Exit strategy: Refinance to main bank at end of term once unit has rental income history

Wellsford, Auckland

Wellsford, Auckland

First mortgage security

Security description: 14 hectares of bare land, no dwelling

CV: $880,000

Loan advance: $300,000

Loan to value ratio (LVR): 34%

Term: 12 months 

Interest rate: 13%p.a. paid monthly in arrears 

Purpose of funds: Balance of funds required to purchase land as investment for fruit business

Exit strategy: Refinance to main bank with cash flow history

Portfolio

11% Return on Funds Invested

Maximum 60% Property Value Funding

Secured by First Ranking Mortgage

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