Wholesale
Rocket Finance Limited

Christchurch - Mortgage Opportunity

Property

Register Interest

WARNING

The law normally requires people who offer financial products to give information to investors before they invest. This information is designed to help investors make an informed decision.

If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information.

You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.

Transaction Size
NZD 900,000.00
Share Price
Minimum Investment
NZD 100,000.00
Issue Type
Property
Sector
Residential

Rocket Finance Limited is a privately owned peer-to-peer funding company offering Wholesale investors strong returns secured by registered 1st mortgage over residential property offering a return of 6.50% p.a.

We currently have a 12-month investment opportunity secured by registered first mortgage over a residential property located a few kilometres west of Christchurch. Christchurch and the surrounding areas have benefited from strongly appreciating property values having experienced over 35% increase in the 12 months ending Jan 2022.

The property has had a valuation completed on 01 March 2022 by Canterbury Valuations limited reflecting a ‘as is’ value of $1,506,000. The client seeking $900,000 for 12-months resulting in an LVR of 60%.

The property comprises of land of 1.0043 hectares flat in contour and boarded with established planting providing an impressive setting for the dwelling. The house itself has recently undergone an extensive renovation including new bathroom, kitchen, painting and landscaping work. It is presented in extremely good condition. The home is constructed with brick and cedar over two levels having four bedrooms, open plan kitchen, separate media room, lounge and dining areas. Total floor space is 273m2.

The clients are hardworking business owners within the construction trade industry. Their business has grown exponentially over the last 3 years in line with the Christchurch construction boom and have taken on short term lending to assist with growth which they now wish to refinance.

The clients have solid income and exit will be refinancing to the bank upon expiry. The clients have a strong statement of position with net assets over $1.4m and clear credit history.

The investment is supported by a great security, strong clients and a low LVR of 60%.

Investors hold mortgage security over the property by way of deed of trust along with personal guarantees from the borrowers. Rocket Finance fully manages the investment. To view Rocket Finance Limited website, click here.

Minimum investment size is $100,000 with interest paid monthly.

Interested investors will be provided with further information including valuation, credit checks and the Investor Loan summary. Upon Investment you will be provided with general Terms and conditions, deed of trust, Investor agreement and AML documentation.

For further information, click the "Register Interest" button to be put in contact with the Issuer.

No items found.

Join our Issuer newsletter

Our quarterly Issuer newsletter is for partners, businesses and anyone interested in what we’re up to, platform updates and market commentary. To sign up to the Investor newsletter for marketplace offers click here.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.