DEVELOPMENT LOANS

MWM  specialises in providing non-bank construction finance and development finance for the completion of multi-unit residential projects primarily in Auckland.


Financing is advanced on a 1st mortgage basis for loans $2 million to $15 million. See Funding Criteria and FAQ's for more information.


Funding is generally approved without the requirement for presales, valuations or a Quantity Surveyor. 


MWM is a broker friendly non-bank lender.

TOWNHOUSES &

STAND ALONE HOUSES

Non-bank funding for under construction projects nz

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High - End

Residential

Property Finance for in-progress developments New Zealand

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Bridging

loans

NZ Property Development Loans for ongoing projects

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FUNDING Criteria

Interest payments are;

  • interest capitalised,
  • part capitalised or
  • payments made

 

The majority of our loans do not require;

  • presales
  • QS reports
  • property valuations
  • early repayment fees


Urgent approvals can be provided within 1 day.

6.45%

INTEREST RATE (FROM)


24 Month

LOAN TERM (MAX)


$2M - $15M

LOAN FACILITY


75%

LOAN TO VALUE (*FAQ's)


FAQ's

  • What sort of property development finance do you provide?

    The majority of the loans we provide are to fund the construction of houses and townhouses in the main centres in NZ, primarily Auckland.

  • What size loans does MWM provide?

    The majority of MWM’s loans are between $2M and $12M however MWM can look at smaller and larger loans on a case by case basis.

  • *What percentage do you normally finance?

    Generally up to 85% of the project cost and 70% of the GST exclusive on completion value. On a case by case basis higher LVR's can be considered. 

  • How long will the approval take?

    A formal offer can be provided within less than 1 day, once the necessary information has been provided.

  • Do you require presales as a condition of finance?

    Presales are generally not required. 

  • What are your fees and interest rates?

    Pricing depends on the term of the loan and deal characteristics. MWM has some of the lowest rates available for non-bank development funding with fees from 1.50% and interest rates from 6.95% pa.

  • Can Interest be capitalised?

    For the majority of loans, interest is capitalised.

  • Does MWM fund projects for owner builders?

    Yes. A large proportion of development loans MWM provides is where the developer manages their own subtrades.

  • Is a Quantity Surveyor or Valuation needed?

    The majority of loans provided by MWM do not require either a Quantity Surveyor or Valuation.

  • Does MWM fund hotels, commercial or industrial projects?

    MWM primarily funds the construction of residential houses and townhouses.