A 10% return is being offered by Credit Connect NZ Limited who are seeking investors to invest into a first mortgage lending opportunity where three (3) waterfront sections, having a combined land area of 1.5358ha (15,358m2) are being offered as first mortgage security. Basic scenario of the investment is summarised as follows.
- Location: Gulf Harbour, Auckland, 0930
- Property Value: $14,500,000.00
- Loan Required: $7,250,000.00
- Term: 12 Months
- Lending Ratio: 50%
- Return: 10% per annum, with interest paid 12 months in advance
Given the lengthy period CCG has been in the financing business it has constantly been approached by numerous parties to finance various New Zealand (NZ) properties/projects. Given the continual NZ borrower demand for quality loans in good locations with low lending ratios, CCG made the decision to commence lending in NZ. As such CCNZ was incorporated and holds a New Zealand, Financial Services Provider (FSP) license, allowing it to deal in mortgage loans for wholesale investors only.
The borrower demand CCNZ is currently receiving is significant and we need to raise additional capital to meet the borrower demand. Below is an overview of loans CCNZ have received since 30th June 2022.
- Gross Loan Enquiry: $124,800,759.00
- Proposed Security Values: $226, 682, 391.00
- Average Loan Amount: $4,992,000.00
- Number of loans: 25
- Average LVR: 54%
Who is Credit Connect NZ
Credit Connect NZ (CCNZ) is a subsidiary of the Australian based Credit Connect Group (CCG). CCG is a mortgage management company that was established in 2006, entities within the Group, are an Australian public company, that holds an Australian Financial Services License (AFSL) which is issued by the Australian Securities and Investment Commission (ASIC) which is the Australian regulator, this license allows CCG to raise funds from investors to invest into mortgage lending opportunities in Australia. CCG has numerous clients that invest into its loans, since inception we have successfully written approximately $620,000,000.00 in loans, where the average lending ratio has been approximately 59% with the average loan size being $1,570,000.00.