Development Finance
We provide fast, flexible property development finance to proven entrepreneurs without the need for pre-sales, enabling you to move quickly on high-potential opportunities.
Vincent Capital development finance can assist with:
Loan Type
- Development
- Construction
- Refinancing
- Land purchase as part of development funding
- Earthworks & Civil
- Major renovations
Sector
- Residential Development
- Industrial & Commercial
- Construction
- Subdivisions
Location
- NZ Wide
Key Criteria
6.99
%
Interest From
75
%
Loan to Value Ratio
12
Months*
100
m
Max Loan
*Month max term can be extended on certain terms and conditions
Fast and flexible to allow you to get on with your development.
Potential for no pre-sale requirements.
Bespoke solutions to suit your development needs.
Experienced team with property development knowledge.
Can lend with documentation that banks require. May not require valuations, QS and consultant reports fixed price constructions contracts and other typical disclosures.
FAQ
What is property development finance?
Property development finance is a short to medium term loan for residential, commercial or mixed-use development projects. It can be used to buy land, or if your land is mortgage free, the development finance can cover the construction costs. It can also cover both.
When is it helpful to use a non bank lender for property development?
What special features do you find with the drawdown of a property development loan?
Do I pay penalty interest if I repay the loan prior to the expiry date?
At Vincent Capital, our clients can partially or fully repay a facility at any time during the term of the loan without penalty on 30 days written notice.
What size development loans does Vincent Capital provide?
Development loans can start from $300,000 and go into the tens of millions.
Can Vincent Capital provide bridging for GST on land acquisition and construction drawdowns?
Yes. Depending on the individual characteristics of a loan facility, Vincent Capital can bridge the payment of GST paid on the purchase of a property or pending refund of an Imputation Credit. Vincent Capital can also assist with the timing differences between payment and receipt of the GST on construction drawdowns.
What is equity release?
Equity release is often used between projects where you are waiting to realise the profits from one, but need to go unconditional on the purchase of your next venture. Vincent Capital offers bridging loans to provide equity release.
Can I borrow money to purchase land for development?
Borrowing money for the purchase of land is referred to as vacant land acquisition or land bank financing. Vincent Capital offers loans for the purchase of land. Vincent Capital also provides product transfer from land banking to development loans in circumstances when a client has related consent to develop the land.
What information does a lender require before approving a loan?
How quickly can I get an indicative offer?
Vincent Capital recognises the importance of timing and will issue an indicative offer on average within 2 business days.
If you are looking for finance for your next development, and would like to know more about Vincent Capital’s competitive rates and flexible lending criteria, then please get in touch. One of our lending managers would be happy to answer your questions.
