Lending

Castle Capital is able to finance projects from the initial purchase of the land, right through to construction and completion. We put our considerable expertise to work, providing advice on maximising profitability, and proactively seeking solutions for our clients. With an open and honest approach, we support you as a trusted partner throughout the process.

We can provide non-bank lending for:

• Multi-unit residential developments to single high end homes
• Residential land subdivisions
• Retail complexes
• Industrial land subdivisions
• Commercial and industrial developments

For many loans, we can lend without:

• Presales
• Valuations
• Fixed-price construction contracts
• Strict servicing criteria

We don’t normally charge:

• Site visit fees
• Administration fees

Indicative Lending Terms:

• Loan Amount: From $4 million to $15 million
• Term: Up to 24 months
• Loan to Value Ratio: Up to 80% of value and cost
• Interest Payments: Interest capitalised, part capitalised or payments made

If you’re facing a temporary funding shortfall between purchasing and selling a property, Castle Capital can help fill the gap with bridging finance. We can also fund any related finalising costs, including the property’s construction, refurbishment, or subdivision. New Zealand’s non-bank lending specialists, we can provide funding that may fall outside a traditional bank’s lending criteria.

We can provide lending that banks often won’t, including when:

• Debt servicing is difficult to prove
• Interest needs to be Capitalised or Part Capitalised
• LVR is higher than the banks are comfortable with
• Resource consent is currently being sought
• The project is being marketed to secure sufficient pre-sales for bank funding
• The property requires refurbishment or development works

We can provide bridging finance secured over:

• Residential property (including high-value residential homes)
• Commercial property (including office, industrial, and retail buildings)
• Bare land

Indicative Lending Terms:

• Loan Amount: From $4 million to $15 million
• Interest & Fees: Capitalised monthly in arrears
• Security: First mortgage over the properties and personal guarantees
• Term: 6 – 24 months
• Location: NZ main metropolitan area
• Pricing: Varies depending on the quality of the loan (call us to discuss)
• Security: First mortgage over the properties and personal guarantees
• Loan to Value Ratio: Up to 80% on certain terms

If a project has an impressive development margin, but the developer has limited equity, Castle Capital can come to the table on a joint venture basis. In this case, Castle Capital will fund the majority of the cost, and take a share of the profit. With an exceptional reputation in New Zealand property development, Castle Capital is a trusted and credible partner.

We can provide:

• Insider knowledge of the right consultants to help with the project (including engineers, valuers, lawyers, surveyors, real estate agents, planners, and more)
• In-depth marketplace expertise (including the area’s property values, comparative sales evidence, and product demand)
• Connections to the best construction companies for the job
• Preparation of feasibilities and detailed monthly cashflows
• Fund-raising assistance for any bank finance needed