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What we offer in terms of specialist loans?

At First Mortgage Trust, we understand and speak the language of property investors, developers, and advisers.

With over 25 years of experience as New Zealand’s largest first mortgage non-bank lender, we also know what is required for property transactions that work for all parties and we’re proud of the role we’ve played in growing the wealth of New Zealand.

Our key points of difference are:

  1. Our lending is purely interest only. This is different to a bank who will usually require principal and interest payments.  For development and construction, we will capitalise interest.
  2. We analyse each deal individually and do not sensitise interest rates. Similarly, we normally ring-fence specific funding requests and don’t cross collateralise all securities.
  3. For construction/developments, we prefer to keep loan conditions to a minimum. We do not always insist on pre-sales for example.  We  may finance completed vacant industrial or commercial property and allow time to lease up, again assisting the borrower to maximise the end price point.
  4. We offer equity release against a completed residential or commercial assets. Clients can then look to extract funds for use on another project or development, to get it to a stage where it becomes a viable funding proposition in its own right.
  5. We offer open or closed bridging finance, thus providing surety for clients to purchase and secure a property before they’ve sold their own. For developers, when we know the exit strategy is the sale of the asset, no early repayment costs are payable.
  6. Our product suite also includes first mortgage property backed funding for businesses (actual purchase, increased stock and working capital) with business owners then able to refinance back to mainstream once the Balance Sheet and Profit and Loss meet bank criteria.
  7. FMT does not charge clawbacks on our loans and advisers are paid on drawdown.

If you’re wanting to speak to non-bank professionals who understand property finance and development, and in return you can offer a good equity position and strong property fundamentals, then our flexible approach may be right for you.  Should we not be in a position to assist, we have strong working relationships within the industry, and we are happy to refer you in the right direction.

Talk to our team today and let us get to work for you.

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              Which fund is right for me?

              Please note, this is just a guide and we recommend you seek professional tax advice.

              Are you investing as an individual or trust?


              Is your Tax Return completed by a Tax Advisor?

              Can you reasonably estimate your own annual income?

              What is your total income from all sources (including PIE income)?

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              Do you distribute all annual income to beneficiaries?

              Do all Trusts beneficiaries earn more than $48K from all sources?

              YOUR RESULTS

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              Disclaimer – The results above are subject to the following assumptions:

              - The investor’s main source of non-investment income is New Zealand superannuation on a non-shared living arrangement. That is taxable income between $14,000 and $48,000.
              - FMT is your main investment and that you wish to have a single investment in FMT.
              - This is a simple guide only. There are alternative strategies which may provide better outcomes. These are on case-by-case basis.

              Should you want to fully canvas your options, we strongly recommend you seek independent advice from your Tax Adviser.