As one of the country’s largest non-bank lenders we help clients achieve their property financing goals. We’re proud to partner with our clients and see them succeed and help play a crucial role in New Zealand.
Our clients were anxious to purchase a vacant building they had identified as being ideal for their growing business. FMT provided an interest only loan to support the debt servicing obligations of the client, allowing them to improve their balance sheet before moving back to bank refinancing. The end value for the client has been an immediate improvement in property value due to their own commercial operation signing a lease as the primary tenant in the building.
Location: Auckland
Loan: $1,755,000
End Value: $2,700,000
Loan to Value: 65%
Term: 24 months
Our client saw the opportunity to purchase an owner occupied industrial commercial building in Auckland. Referred to FMT by their accountant and business advisor, we assessed the opportunity, noting that this brand new building sits in the heart of Auckland’s industrial zone – a key area of interest for FMT. Finance was provided quickly which enabled the transaction to proceed.
Location: Auckland
Loan: $1,600,000
End Value: $3,200,000
Loan to Value: 50%
Term: 12 months
Our client demonstrated maturity and business acumen beyond his years, quickly showing us that he had done his homework and knew the market he was entering into. Funding was approved on a capitalised interest and fees basis. True to his word, our client delivered a renovation project which when sold covered all borrowings, leaving him with a freehold section to be developed at a later date. The start of a solid long-term relationship due to our client knowing his market, and FMT providing a loan that was fit-for-purpose.
Location: Wellington
Loan: $380,000
End Value: $900,000
Term: 12 months
Armed with a proven model for building social housing and leasing them to Government backed housing providers, our clients were looking for a lending partner who could provide the flexibility required. The Auckland based development features twenty social housing units in an area of New Zealand that has a desperate shortage of housing to suit. Broker referred, we provided a capitalised interest plus fee loan for twelve months to enable this project to proceed.
Location: Auckland
Loan: $5,115,000
End Value: $8,830,000
Loan to Value: 58%
Term: 12 months
Our client was highly credentialed and confident that his proposed commercial building would be quickly leased on completion. A mainstream bank was not interested in funding the development without secured leases in advance, and so he approached FMT. On assessment, we immediately identified a quality opportunity in a fast growing area of New Zealand and so provided finance for the development, together with rollovers to allow leasing up on completion to maximise the development’s sale potential. The development progressed smoothly and was completed on time and on budget. A top quality outcome with significant capital gain achieved, and a very satisfied client as a result.
Location: Tauranga
Loan to Value: 65%
Term: 12 months with rollovers
Our superannuitant clients inherited a part-build and required funding to complete the project. Traditional funders had shied away from these clients due to their stringent affordability thresholds, however our assessment showed them to be a good candidate for lending. Broker referred, we provided the funds required, much to the delight of the borrowers who said we were the only lender to personally meet them and view the security property as part of our lending assessment.
Location: Wairarapa
Loan: $250,000
End Value: $890,000
Loan to Value: 35%
Term: 12 months
Our clients reached out to FMT to explain their requirement to make a large-scale vacant property purchase with a blue chip tenant to occupy. In this instance and based on the surety of the tenancy, we were able to lend against valuation which was considerably higher than the purchase price, and structure the loan to support the property’s development (including the extended period of time with no income). FMT listened to our client’s needs and tailored a flexible solution accordingly.
For privacy reasons, the photograph for each case study is indicative of the funded project, not an actual photograph of the project itself.
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