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!
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.
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.
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.”
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.
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.
