---
title: "The loan lowdown: August 2024"
description: This month we supported a client with a residential investment in Auckland, a commercial investment in Hamilton and a development in Queenstown.
---

[Southern Cross Partners Blog ](https://blog.southerncrosspartners.co.nz/blog)

# [The loan lowdown: August 2024](https://blog.southerncrosspartners.co.nz/blog/the-loan-lowdown-august-2024)

 Written by [Southern Cross Partners](https://blog.southerncrosspartners.co.nz/blog/author/southern-cross-partners) | Aug 29, 2024 2:55:19 AM

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.](mailto:loans@scpartners.co.nz) 

[View full post](https://blog.southerncrosspartners.co.nz/blog/the-loan-lowdown-august-2024)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Southern Cross Partners"
  },
  "dateModified" : "2024-08-29T02:55:19.076Z",
  "datePublished" : "2024-08-29T02:55:19Z",
  "headline" : "The loan lowdown: August 2024",
  "image" : {
    "@type" : "ImageObject",
    "height" : 279,
    "url" : "https://4134019.fs1.hubspotusercontent-na1.net/hubfs/4134019/pexels-expect-best-79873-323772_resized.png",
    "width" : 558
  },
  "mainEntityOfPage" : "https://blog.southerncrosspartners.co.nz/blog/the-loan-lowdown-august-2024",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Blog"
  }
}
```