Welcome to another Loan Lowdown.
SCP saw a record number of loans drawn this month, despite the economic headwinds. The high number of loans reflects broker confidence in the team at SCP, who consistently deliver excellent customer-focused solutions.
Here’s a snapshot of some of our bespoke loans from August:
- Residential Investment: We helped a customer settle an investment. This residential property, located in Mt Albert, Auckland comprises four bedrooms and one bathroom. The particulars of this loan include a 12-month term, 9.49% interest rate and a LVR of 64%.
- Commercial investment: We helped a customer settle a commercial property. This property, located in Frankton, Hamilton spans 1,271 m2, plus a two-level, three-bedroom apartment attached spanning 343 m2. The particulars of this loan include a 24-month term, 10.75% interest rate and a LVR of 55%.
- Construction and Development: We helped a trusted, repeat client refinance against a section and gain finance to build. This section, located in Queenstown, is 662 m2. The future builds consist of a 5-bedroom, 4-bathroom home and a separate one bedroom, one bathroom home. The particulars of this loan include a 12-month term, 11.99% interest rate and a LVR of 61%.
As always, if you think you’ve got a loan for us then let's chat! Contact one of our BDMs today on 09 535 2239 or loans@scpartners.co.nz.