Our lending team has been hard at work helping financial advisers secure deals with Southern Cross Partners, so they can help their clients achieve their property investment goals.
Alongside appointment of our new Christchurch BDM Simon Maule last month, we’ve seen a massive increase in high quality loan applications, and with that more loan approvals.
We have more than $20million currently progressing through our lending pipeline, and the current average LVR is 54% across our portfolio.
We’re specialist lenders who know what types of loans work for investors, and we lend on them alone. This means our teams are always working hard to seek out quality deals for our investor community.
Below are some of the soon to be available loans on the Investor Portal for you to invest in:
|
Location |
Description |
LVR |
Term |
Rates (tbc) |
|
Kohimarama, Auckland |
Refinance of a 3 level, 6-bedroom executive style home nearing completion. |
53% |
12 months |
7.85%* |
|
Riccarton, Christchurch |
Refinance of two adjoining properties, with rented dwellings, zoned Residential, Medium density suitable for development. |
57% |
12 months |
7.65%* |
|
Korokoro, Lower Hutt City |
Recently renovated 3-bedroom home plus adjoining vacant section to be built on. |
40% |
12 months |
7.35%* |
|
Henderson, Auckland |
Equity release against a newly built 285sqm, 5-bedroom, 3-bathroom home to provide working capital. |
28% |
12 months |
7.25%* |
|
Kerikeri, Bay of Islands |
Purchase of 8,300sqm section with sea views in new residential subdivision. |
50% |
24 months |
8.00%* |
|
Queenwood, Hamilton |
Six duplex units currently under construction by previous SCP client with excellent history. |
64% |
12 months |
8.00%* |
*Indicative investment rates p.a. at the time of publishing and subject to change
Traditionally, the real estate market slows in winter as Kiwis head off to warmer climates along with coinciding with school holidays.
However, we find applications continue steadily throughout July and August. This means investors will see consistent deals added to the Investor Portal over coming months.
If you have any questions about the loans we currently have on offer or the type of loans we look for, please get in touch with our friendly investment team.