Development / Construction Loans

We can work with clients on any property project from future standalone dwellings, terraced housing, to apartment developments, commercial property developments and more.
We can help you with funding for:
  • Single and multi-residential property development
  • Townhouse developments
  • Apartment development
  • Commercial property development
  • Retail complexes
  • Industrial and development
  • Subdivision development

What we offer

We can tailor a solution to meet your needs with interest-only and capitalised interest loans available, we have experienced BDMs who are experts in construction lending and will work with you throughout the entire loan application process.

Being a specialist lender, we can be flexible and agile, and we understand a speedy turnaround is important, so we aim to have loans settled as soon as possible. If we’re not the right funder for the project we will let you know quickly to so can seek finance elsewhere.

Getting Started

Before you start a lending application, we only need to know a few things to start a conversation about a development loan:

  • People Involved
  • Property Information – Location, Value Estimate
  • Lending required
  • A budget or feasibility for the project
  • Building plans & consents
  • Exit Plan

Please get in touch with one of our BDMs to discuss a potential loan. If you’ve got this information on hand, we can give you a quick indication of whether or not we are the right property finance partner for you.

If not, we know the market and will be able to point you in the right direction.

Contact our lending team

Development/construction loan applications

What we review and a checklist of documents that we may need to support your application:

  • Fully completed, signed & dated application (including signed Applicant’s & Guarantor’s Agreements)
  • Commentary regarding the purpose of the loan, term required, & intended exit strategy
  • Documentation to support identification & NZ Residency / Citizenship status
  • Verification of income (recent payslips / Employment Agreement / IR3 / signed financials or similar)
  • Registered Valuation (addressed to First Mortgage Custodians Limited)
  • Evidence to support the origin of your contribution to the proposed deal (source of deposit funds etc)
  • Trust Deed(s) – if applicable
  • Sale & Purchase Agreement(s) – if applicable
  • Tenancy Agreement(s) – if applicable
  • Deed(s) of Lease (for tenanted commercial properties) – if applicable

Our team can talk you through the details once the application process starts. Or if you are dealing with a broker or mortgage adviser, we can talk to them.

 

View our lending criteria
Thumbs up

I’d definitely recommend FMT. Bruce is great, he’s across all the detail.

 

Mitch, Tauranga

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