SUCCESS STORIES
Avondale Build-to-Rent | 19 Unit Development
Cressida recently provided a development facility to support the construction of 19 terrace houses in Avondale, Auckland.
The developer required a funding partner who could provide certainty from start to finish, with a structure tailored to the realities of construction cash flow.
Highlights:
- GST inclusive funding
- Full construction cycle funding
- Adopted the developer’s project cost budget rather than a standardised market template
- Bespoke cost to complete drawdown model rather than milestone based drawdowns
Rather than relying on a standard milestone based drawdown structure, Cressida implemented a cost to complete funding model tailored to the developer’s requirements and the project’s staging. This approach provided greater flexibility, with funds released in line with actual progress and contractor needs.
The result was improved cash flow management and meaningful cost savings across the project.
Get your project moving quickly and easily.
Lending Managers
We’re here to help you succeed
Call Warren, Naomi, or Andrew today to discuss your funding needs.
Warren Law
Senior Lending Manager
+64 21 483 666 | Email | LinkedIn
Andrew Stevenson
Lending Manager
+64 27 700 2708 | Email | LinkedIn
Naomi Yueh
Senior Lending Manager
+64 21 912 006 | Email | LinkedIn
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.
