WHAT IS DEVELOPMENT FINANCE?
Reesby & Company has considerable experience in funding all types of property development including multi-unit residential development, commercial and retail projects, master planned communities and traditional land subdivision.
Development finance is for residential, commercial and industrial property developments i.e construction projects, and is usually advanced as a loan towards land purchase and a loan in stage payments for development costs.
Reesby & Company have also sourced bank and subordinated debt finance for over 5,000 residential apartments and houses throughout New Zealand. Each project has different strengths and weaknesses so it is not possible to be specific on the level of funding available without receiving detailed information on the project.
Reesby & Company has the resources via private investors, banks and Spinnaker Capital Limited to provide the funding for 100% of the cost of the project in certain circumstances.