Private Lending

We have provided over $2 billion of private mezzanine type funding via our internal finance companies over the past 20 years. This has been on first mortgage, second mortgage, mezzanine finance and an equity basis

Reesby & Company has unique banking and finance contacts both in New Zealand and overseas. These contacts enable the company to source an extremely competitive cost of funds and provide a high degree of certainty with regards to sourcing the finance.

Our primary lending vehicle, Spinnaker Capital Limited, provides development and investment finance for commercial, retail, industrial, residential and land transactions throughout New Zealand (visit www.spinnakercapital.co.nz).

Currently we have a number of substantial private investors who are able to provide mezzanine finance for the right project.

A number of borrowers are currently finding it difficult to secure development and investment funding from traditional sources. These are generally good borrowers who temporarily do not meet the banks credit criteria primarily relating to a level of vacancy in their commercial property or lack of presales in residential development. We have internal and external funding sources able to provide this funding.

Because we are a private company, our credit process is very prompt. We communicate with our borrowers so they understand the terms necessary to obtain the funding. This can be a two day approval when urgently required.