How Cressida Supported a Developer from Acquisition to Completion

One Developer. Three Funding Stages.

This week, we’re highlighting how Cressida supported an Auckland developer through the full development cycle – from acquisition, to construction, and ultimately residual stock.

1. Pre-Development Finance

$900k | 65% LVR | 6 months

Cressida funded the site acquisition, giving the developer time to secure consents. Once issued, we approved demolition so works could start sooner. A partial repayment then reduced the LVR on the vacant land, enabling a smooth move into construction finance.

2. Construction Finance

$3m | 65% LVR | 12 months

With the ground works completed and the site ready to build, Cressida transitioned the facility into construction finance for four standalone homes, continuing to provide competitive funding as the project progressed.

3. Residual Stock Finance

70% LVR | 6 months

At practical completion, Cressida transitioned the project into lower cost residual stock finance, providing funding before separate titles and CCC were achieved.

Competitive funding at every stage.

The key benefit for the developer was continuity and competitiveness. Rather than having to find a new lender as the project moved through different stages, Cressida was able to transition between loan products while remaining highly competitive on pricing and structure.

One project. Three stages. One funding partner.

That’s the advantage of working with a lender that can support the entire property cycle.

If you have a development coming up, or are looking for funding for a project already underway talk to our team about how we can help.