+64 9 302 4940

The Spinnaker Capital Team

Founded in 2009, Spinnaker Capital is New Zealand’s leading private non-bank lender for commercial and residential property development.

Spinnaker Capital works closely with borrowers to deliver competitive and effective solutions. Associated with Reesby & Co. the largest property finance team in the country, Spinnaker Capital is committed to providing trusted and forward-thinking outcomes in property finance.

Our Lenders

Martyn Reesby

Principal

Martyn is the Principal of Spinnaker and has more than 40 years experience in property finance. Martyn established his first business, Reesby & Co, in 1994. In the years since, Reesby & Co grew into New Zealand’s largest property finance brokerage – and in 2009, Martyn created Spinnaker Capital as a subsidiary arm of the successful company.

Before starting Reesby & Co, Martyn spent nine years at Fay Richwhite & Co. There, he was responsible for sourcing finance for New Zealand corporates, property investors, and property developers. With a Bachelor of Commerce from Auckland University, Martyn specialises in funding New Zealand’s largest property developments. In his years in the industry, Martyn has sourced well over $15 billion of property finance, mainly from offshore lenders, for New Zealand companies; more than any other individual in the country.

Ollie Bent

Principal

Ollie joined Spinnaker in 2014 and has 20 years’ experience in commercial property finance. Ollie’s background is in banking, with roles at BNZ and National Australia Bank providing development finance for some of Australasia’s largest private developers. Since 2014, Ollie has arranged over $4 billion of property development finance for projects across New Zealand.

Ollie holds both a Bachelor of Commerce and Bachelor of Science from the University of Auckland. Ollie has an ongoing passion for new knowledge and has completed several industry-related courses over the course of his career.

Tom Reesby

Consultant

Tom specialises in property development loans from $3 million to $50 million throughout New Zealand. He has significant funding and development knowledge from his time working in the sector as a lender and developer in New Zealand and Australia and can assist developers in solving issues before and when they appear.

Prior to working for Spinnaker and Reesby & Co, Tom lived in Sydney working for property giant JLL and Savills.

Tom Huang

Consultant

From two-lot residential subdivisions to large-scale complex developments, Tom specialises in all areas of property development. Over his years in the industry, Tom has been involved in many significant property transactions, in excess of $200 million. He provides real estate services, property, and due diligence advice.

With a legal and accounting background, Tom offers a unique perspective on the property industry. He provides clients with practical solutions to their property finance challenges – bringing valued professional advice, with a warm and friendly approach.

Jack Fox

Consultant

Jack joined Reesby & Co in 2021 and has over 10 years experience in banking and commercial property finance. Jack previously held managers’ roles at ANZ Property Finance and one of New Zealand’s largest non-bank lenders. During this time, he sourced and managed funding for some of New Zealand’s prominent commercial property developers and investors.

Jack holds both Bachelor of Commerce and Bachelor of Arts degrees from the University of Otago.

Luke Hallsmith

Consultant

Luke has over 10 years’ experience in property finance specialising in investment and development funding with domestic and international credit providers. Luke specialises in loans between $20 Million – $150 Million nationwide.

Prior to joining Reesby & Co, Luke has worked on over $2.0 Billion of financing with NZ banks, non-banks, high net worth investors / family offices, fund managers and hedge funds based in Asia Pacific and Northern America.

Luke holds a Bachelor of Commerce, double majoring in property valuation and management from Lincoln University, Canterbury, New Zealand.

Our Team

Paul Smyth

Chief Financial Officer

Paul is a Chartered Accountant and has been a member of the NZ Institute of Chartered Accountants since 1998. Paul’s career began in Auckland, as an auditor with Spicer & Oppenheim. He then spent just over 6 years in the United Kingdom, working in the London financial services market.

Since coming back home to New Zealand in 2003, Paul has continued building on his vast commercial experience, working for companies in both NZ and Australia. He joined the Reesby & Co/Spinnaker team in June 2010, and has been an invaluable part of the team ever since.

Nobu Muir

Loans Manager

Nobu holds a Bachelor of Commerce with a Major in Finance from Victoria University of Wellington. Before joining the Spinnaker team, Nobu spent a decade providing consultancy and brokerage services to some of New Zealand’s most prominent investors and developers.

Nobu has helped borrowers secure upwards of $5 billion for property developments, commercial investments, and corporate restructures. He has extensive experience in all things commercial property and commercial law.

Backed by a long list of successful clients

In the midst of the global financial crisis, sourcing development finance for a luxury residential subdivision in Greytown was considered ambitious. Fortunately our Broker introduced us to Spinnaker and from the first meeting we saw they shared our vision. Spinnaker supported us through an accelerated winter build and were always prompt with drawdown payments. We appreciated the assistance and advice Spinnaker provided. Well done!

Steve Pilbrow

Westwood Land Developments Ltd

It was taking considerably longer than expected for resource consent to issue for a land subdivision. By the time the consent was issued the global financial crisis made our lenders nervous, notwithstanding we had completed a number of similar successful projects. Spinnaker provided the certainty needed to show our purchasers the project was proceeding. Despite a very stressful period the project was a success, which allowed us to move onto new opportunities.

Steve Mason and Wayne Allen

Regis Farm Ltd

I required a short-term bridging facility for my business, which I needed promptly to ensure four projects started without delay. Spinnaker provided a committed offer within a day which settled within four days. That certainty meant the projects started on time which in turn has provided more business. We now have the best pipeline of work that we have had for 15 years. I would recommend Spinnaker given they are flexible with quick turnaround timeframes.

Ian Mellsop

Marinescape Properties

Spinnaker provided a facility without requiring presales, which allowed construction to start immediately. My target market needed to know with certainty when completion would occur so they could sell their existing homes. Spinnaker’s offer provided this certainty. Within four months of construction starting I had unconditionally sold nine out of the 10 sections. I found Spinnaker very flexible and good to deal with.”

John Hamilton

Sunrise Investment Trust

We have worked with Spinnaker Capital on several terraced house projects since 2017. As a builder/developer we needed a more creative funding solution than the banks could provide. Our experience with Spinnaker has been excellent, particularly their flexibility in creating a funding structure to fit our requirements. Drawdowns are always processed promptly without issue. We have no hesitation to recommend Spinnaker.

Bruce

Queenstown

We chose Spinnaker Capital for the funding required for our townhouse project in Howick which was arranged through our broker. We had not borrowed from a private lender before. Our experience with Spinnaker was fantastic. Drawdowns were processed quickly and we received all the support we needed to complete the project successfully. We would recommend Spinnaker to other developers.

Joe Shang