Spinnaker Capital Limited provided a facility to complete a 10 lot subdivision in Stillwater without requiring presales, which allowed construction to start immediately. My target market was owner occupiers who needed to know with certainty when completion would occur so they could sell their existing homes.
Spinnaker Capital Limited's offer provided the certainty my purchasers needed to go unconditional. Within four months of construction starting I had unconditionally sold nine out of the 10 sections. I have found Spinnaker Capital Limited very flexible and good to deal with.
JOHN HAMILTON - SUNRISE INVESTMENT TRUST
I required a short term bridging facility for my business which I needed promptly to ensure four projects which we had been working on for two years started without delay. Spinnaker Capital Limited 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 Capital Limited given they are flexible with quick turnaround timeframes.
IAN MELLSOP - MARINESCAPE PROPERTIES
We had a situation where it took considerably longer than expected for resource consent to issue for a land subdivision in Whitford. By the time the consent was issued the global financial crises made our existing lenders nervous, not withstanding we had completed a number of similar successful projects.
Spinnaker Capital provided the certainty we needed to show our purchasers the project was proceeding. From what was a very difficult and stressful period the project turned out to be a success, which allowed us to move onto new projects and opportunities.
STEVE MASON AND WAYNE ALLEN - REGIS FARM LTD
In the midst of the global financial crisis, sourcing development finance for a high quality/luxury residential subdivision in the small town of Greytown, Wairarapa was considered ambitious. Fortunately our Broker introduced us to Spinnaker Capital Limited and from the first meeting on site we saw that they shared our vision for the property.
Spinnaker supported us through an accelerated winter build programme and they were always prompt with their drawdown payments. We appreciated the assistance and advice Spinnaker provided to us. Well done!
STEVE PILBROW - WESTWOOD LAND DEVELOPMENTS LTD