Our Lending

From land purchase to development completion, bridging finance to joint venture partnerships. Spinnaker Capital can provide the finance you need to fund your next project.

Spinnaker 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 — 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
  • Expensive Q.S. and consultant reports
  • Fixed-price construction contracts
  • Full financial disclosure
  • Strict servicing criteria

We don’t normally charge:

  • Early repayment fees
  • Site visit fees
  • Administration fees
  • No minimum lending fee

Indicative Lending Terms

Loan Facility:From $3 million to $30 million
Term:Up to 24 months
Loan to Value Ratio:Up to 75% of value and cost
Interest Payments:Interest capitalised, part capitalised or payments made

Talk to the Spinnaker Capital team about your development finance options.

If you’re facing a temporary funding shortfall between purchasing and selling a property, Spinnaker 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

Spinnaker's Indicative Terms

Loan Amount: $3 million - $20 million
Interest & Fees: Capitalised monthly in arrears
Security: First mortgage over the properties and personal guarantees
Term: 3 - 18 months
Location: Primarily Auckland, Tauranga, Wellington and Christchurch
Pricing: Varies depending on the quality of the loan (call us to discuss)
Loan to Value Ratio: Up to 80% depending on whether the asset is sold

Talk to the Spinnaker Capital team about your bridging finance options

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

Talk to the Spinnaker Capital team about your joint venture lending options