RESIDENTIAL PROPERTY

Flexible residential first mortgages.

We specialise in residential loans that don’t tick all the boxes with the major banks.

As a private, non-bank lender, we offer flexibility that the major banks can’t. That means looking beyond tick-box lending and providing funding that fits.

We normally offer first mortgage residential lending on shorter terms of between 3 and 36 months, tailored to meet a wide range of client needs – especially where traditional lenders fall short.

Indicative terms:

Facilities up to:

$10.0m

Interest Rates from:

6.95%

LVR up to:

75%

Finance fee from:

1.5%

(excludes brokerage commission)

Turn your residential property dream into reality.

Talk to our team

How to Apply

1. Initial contact

Call one of our expert Lending Managers to discuss your funding needs.

Warren, Naomi or Andrew will give you immediate feedback, including indicative loan pricing and terms.

2. Funding application

Submit your application for funding.

We aim to provide a same day assessment for all complete funding applications. We often issue a credit approved loan offer the same day, too.

3. Letter of offer

All of our letters of offer are credit approved and include specific loan terms such as:

Loan amount and term
Interest rate and any finance fees
Purpose for lending
Loan securities
Any terms and conditions

4. Acceptance & due diligence

On return of the letter of offer and payment of an initial finance fee, we’ll get things moving.

Your lending manager will cover off any outstanding conditions and work towards settlement.

5. Legal documentation

Our in-house solicitor and legal executive will prepare the legal documentation and work with your solicitor to confirm the settlement date and agree timeframes for executing the loan documents.

6. Settlement

Once the paperwork has been finalised, we’ll transfer the funds.

We have been known to settle within 48 hours of the application first being made.

Explore property finance options

Frequently Asked Questions

Why use a non-bank lender?

At Cressida we aim to quickly form a commercial view on a transaction and take a flexible and personalised approach to lending which is not possible with a major bank.

Who should I talk to and how quickly can I get an approval?

Give any of our Lending managers a call, text message, or email. They are highly experienced property professionals and can provide direct feedback and indicative terms straight away.

Who do you lend to?

We have a wide range of clients including property investors, property developers, business owners, and people who need a flexible finance solution quickly to move forward.

What types of lending can you do?

Our lending includes residential development such as townhouses and house construction projects, commercial development projects, commercial and residential investment property acquisition, land subdivision, section finance, completed stock funding, and bridging scenarios where two settlements don’t quite line up.

What information do you need to consider my lending requirements?

A high level understanding of your background, the purpose of the funding and repayment strategy is a good starting point. Address and relevant details of the security property and, if there’s a project involved, then just let us know how things are going with resource and building consents.

Do you require a registered valuation?

Generally we don’t require a registered valuation. Our highly experienced team can quickly form an evidence based view on a property’s value range. This saves time and money.

Do you need a quantity surveyor and / or pre-sales for construction projects?

Typically we will not require a quantity surveyor and, while pre-sales are a positive for any project, they are not a requirement either.

If I’m selling down development stock will you allow an equity release on settlements during the sell down?

Yes, we understand that at the end of a project cash flow is king. We regularly do equity releases / partial discharges on request from our clients.

I’m self employed and have irregular income. Can you help me?

Yes, we’re more interested in the project or your plan than your current income position. If it makes sense to you then chances are it does to us as well.

Do you need me to service the interest on the loan?

We offer our clients the option to either service the loan interest or capitalise it to the loan account and pay this when the loan is repaid.

What interest rate and finance fees do you charge for a loan facility?

Our rates are market leading – to get the most accurate up to date rates just call one of our Lending Managers.

How long can I borrow for?

From 3 months up to 36 months.

Are you a registered Financial Service Provider and do you belong to a financial dispute resolution service?

Yes, Cressida is a registered Financial Service Provider and is a member of the Financial Dispute Resolution Service. More details on this service can be found at www.fdrs.org.nz

Success Stories

Real People, Real Projects, Real Results

Cressida Capital has supported property developers and investors throughout New Zealand for over 20 years.
Explore some of our recent projects.

Equity Release for First-Time Developer

Tailored Construction Finance

Flexible Construction Finance for Owner-Builder

See what makes CRESSIDA different

Testimonials

Hear from those who’ve experienced the Cressida difference first-hand

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Warren from Cressida Capital has been absolutely outstanding! He always answers his calls and is more than willing to discuss and address any questions. His dedication to achieving the best results goes above and beyond.

Pinnacle Mortgages
Warren Law and the Cressida team have been exceptionally helpful in providing tailored solutions for my clients. Warren consistently demonstrates efficiency and transparency, and his ability to understand both my perspective and that of my clients is a significant advantage in this field. Highly recommend!

Derek H.
Very thorough but helpful and easy to deal with Naomi is very professional and made the whole process easy.

Mike H.
I have been working with Warren from Cressida for many years.The customer service has been great. He is always professional, quick to respond, and proactive in solving problems.

Zou M.
I recently had the pleasure of dealing with Andrew from Cressida Capital. From start to finish Andrew was approachable, up-front and worked hard to help get my deal over the line. I will certainly be back with future deals and look forward to working with Andrew and the team again.

Paul M.
I found Andrew at Cressida great to deal with. The entire transaction was quick, smooth and efficient.

Sean M.
I worked with Naomi at Cressida on getting a deal across the line. She provided flexibility around loan structure compared to the other lenders in the market and my client was impressed. She was professional and acted with integrity throughout the whole process. I will work with her on future deals!

James O.
Warren has always been so helpful and always try his best to get us the best deal in the market. He became our friend after a few deals and we are glad we went to him, made the most important part of the project (funding) the easiest part.

Rob M.
Recently advised a client and closed a complicated transaction with Naomi at Cressida Capital. Very impressed by Naomi's professionalism and capabilities of dealing with complex scenarios which resulted in a smooth and timely settlement. The client is equally impressed. Solid recommend!

Richard Z.

Why Partner with Cressida?

When it comes to property, experience counts. We’ve been in business for 22 years, providing tailored finance solutions when the banks won’t.

With thousands of transactions and billions of dollars advanced, our reputation has been built on understanding our customers’ circumstances, projects, and unique
needs.

Cressida can support your success with fast, flexible finance at market leading rates. All our loan offers are credit approved and funding is pre-allocated, so if you need to settle quickly we can too.

Talk to us about your needs

Immediate responses and fast settlement

Finance solutions tailored to your needs

Hugely experienced and professional team

Market leading rates

20+ years in business

Flexible residential first mortgages.