SUCCESS STORIES

Equity Release for First-Time Developer

Here’s how Cressida supported a first-time developer with a flexible funding structure designed to simplify their project.

The Challenge

Our client was embarking on their very first development project – two new townhouses in central Auckland. As a first-time developer, navigating the funding process felt complex and daunting.

The Cressida Solution

Cressida structured the loan as a series of progressive equity releases as opposed to a traditional construction loan, aligned to each stage of the build. This approach gave the client certainty of funding while keeping the process straightforward, most cost effective, and manageable.

By tailoring the facility to their experience level, we provided not only the finance required but also the confidence to complete their first development successfully.

Get your project moving quickly and easily.

Loan Snapshot:

Purpose:

Two-townhouse development

Location:

Central Auckland

Loan Term:

12 months

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.

Immediate responses and fast settlement

Finance solutions tailored to your needs

Hugely experienced and professional team

Market leading rates

20+ years in business