Simple, competitive property funding solutions

Since 2004, ASAP Finance has been helping investors, builders, developers and other property clients with competitive and commercially viable property finance. Our experience and expertise means we can help you achieve your property goals.

With simple, competitive funding solutions, we can help make your next project a success. Because we’re one of the largest non-bank property financiers in New Zealand, we can often get a project off the ground even when the banks and other lenders cannot.

Innovative, experienced, professional: The ASAP Team

The ASAP team has a reputation for innovative financial solutions and impeccable professionalism. That reputation comes from experience - the main members of the team have been in the property and property finance business for over twenty five years.

Hemat Patel BCom Director

Hemat has over 42 years of business experience. He graduated from the University of Auckland in 1972 with a Bachelor of Commerce in accounting and returned to Fiji where he started a retailing and wholesaling business – RB Patel Group Limited (RBPG) - with an initial paid up capital of $4,000.

Hemat spent over 30 years working with RBPG. Today, the company has a turnover in excess of FJ$100m, employs over 600 staff and is listed on the South Pacific Stock Exchange with a market capitalisation of $75.6m.

Hemat's shares in the business were sold in 2003 and he is now based in New Zealand. While in Fiji, Hemat also served as a director of Air Pacific from 1982 - 1983.

Adarsh Patel BComLLb Director

Adarsh has a diverse background in finance, property and business. As an executive director of ASAP Finance he has been involved in funding hundreds of millions of dollars in property loans.

Adarsh has also personally owned, managed and developed over $100m in property. This experience is invaluable in understanding clients' funding requirements and in assessing the merits of each property opportunity

Adarsh holds a Bachelor of Commerce and Law degree from Auckland University and has previously worked at KPMG, Merrill Lynch, Morgan Stanley Dean Witter and as a director of RB Patel Group Limited.

Darpan Patel BCom(hons)LLb Director

Darpan completed a BCom (Hons) LLB from Auckland University in 1999.

Since then he has worked in investment banking, property finance, property investment and development, and general business.

Through ASAP Finance, he has been involved in over $500m of property.

He has also undertaken many commercial and residential property development projects throughout New Zealand.

Darpan's general business experience includes past directorships at OCG Consulting Limited and RB Patel Group Limited.

Parash Sarma BCom, PGDBA Senior Lending Manager

Parash has been in various professional roles since 2001 across different industries including property finance, retail and market research.

Prior to arriving in New Zealand in 2008, he worked in Mumbai (India) and Fiji. He has been in the property finance industry since 2008 and is an active property investor.

Parash holds a Bachelor of Commerce degree and a Post Graduate Diploma in Business Administration.

Outside of work, Parash is an avid sports fan and spends most weekends either playing or watching sport.

Kevin Zhou BBS, PDipFin Lending Manager

Kevin has been in the property finance industry since 2012. Prior to his current position, he worked in finance and retail.

Kevin has a post graduate degree in finance from Massey University.

He is fluent in English and Mandarin.

Dan Liao BBS(Fin) Lending Manager

Before joining ASAP Finance, Dan worked in financial derivatives trading for more than three years.

He holds a bachelor's degree in finance from Massey University.

Dan is fluent in English, Mandarin and Cantonese.

Property finance with a difference

At ASAP Finance, we take the time to understand your individual lending requirements, rather than just ticking boxes. Our clients include investors, developers, builders, and self-employed business owners. Many of our clients have been turned down by banks for reasons including credit history, not meeting servicing ratios, or being unable to meet pre-sale requirements.

We choose not to focus on these standard bank parameters, and instead use the physical value of the asset such as residential dwellings, land and commercial property to make our decision.

We provide borrowers with:

  • Fast and hassle free loan approvals
  • Competitive interest rates
  • Tailor-made loans to suit each client
  • Flexible repayment options

Our loans include:

  • Residential Loans
  • Commercial & Industrial Loans
  • Bridging Loans
  • Development & Subdivision Finance
  • Bare Land Finance

General Lending Criteria

  • Minimum Loan: $150,000
  • Maximum Loan: $20,000,000
  • Maximum LVR: 75%
  • Maximum Loan Term: 12 months (roll over may be possible on maturity)
  • A registered valuation may not be required in certain cases.
  • All loans must be secured by a mortgage.


Our only fee is an application fee of 2% plus brokerage. There are no additional hidden fees or charges.

That means:

  • No Minimum Lending Fee
  • No Early Repayment Fee subject to 30 days' notice
  • No site visit fee
  • No monthly administration fee
  • No line fee

Legal Costs

We will give you a fixed quote for legal fees in our Letter of Offer. Typically, for a standard loan secured on a single residential property, this will be $1,600 plus GST and disbursements.

Residential Loans

We provide first mortgages to residential investors, including those who may not be able to make regular loan/interest payments or those with minor credit blemishes.

  • Minimum Loan: $150,000
  • Maximum Loan: $20,000,000
  • Maximum LVR: 75%
  • Maximum Term: 12 months
  • Interest Rate: From 7.95% p.a.
  • Fees: 2% plus Brokerage

To apply download an application form and send it by email or fax

Commercial & Industrial Loans

If you’re trying to borrow against a commercial or industrial property, we can help. We provide first mortgage finance for clients, including owner occupied properties.

  • Minimum Loan: $150,000
  • Maximum Loan: $20,000,000
  • Maximum LVR: 70%
  • Maximum Term: 12 months
  • Interest Rate: From 7.95% p.a.
  • Fees: 2% plus Brokerage

To apply download an application form and send it by email or fax

Bridging Loans

Sometimes, the settlement date of a property being purchased doesn’t line up with the settlement of a property being sold. Bridging loans solve this problem so you can settle on a purchased property without having to wait for settlement of the property that you have sold.

  • Minimum Loan: $150,000
  • Maximum Loan: $20,000,000
  • Maximum LVR: 75%
  • Maximum Term: 12 months
  • Interest Rate: From 7.95% p.a.
  • Fees: 2% plus Brokerage

To apply download an application form and send it by email or fax

Development & Subdivision Finance

We provide first mortgage development and subdivision finance for residential, commercial or industrial properties to clients on the following terms.

  • Minimum Loan: $150,000
  • Maximum Loan: $20,000,000
  • Maximum LVR: 75%
  • Maximum Term: 12 months
  • Interest Rate: From 7.95% p.a.
  • Fees: 2% plus Brokerage

To apply download an application form and send it by email or fax

Bare Land Finance

It can be difficult to get finance on undeveloped land. We provide first mortgage finance to clients borrowing against residential or commercial blocks or sections.

For Blocks

  • Minimum Loan: $150,000
  • Maximum Loan: $20,000,000
  • Maximum LVR: 65%
  • Maximum Term: 12 months
  • Interest Rate: From 7.95% p.a.
  • Fees: 2% plus Brokerage

For Sections

  • Minimum Loan: $150,000
  • Maximum Loan: $20,000,000
  • Maximum LVR: 70%
  • Maximum Term: 12 months
  • Interest Rate: From 7.95% p.a.
  • Fees: 2% plus Brokerage

To apply download an application form and send it by email or fax

Underwrites: Helping developers secure bank finance

Underwriting can help you secure mainstream funding for your building or development project by removing the need for pre-sales.

Why pre-sales can be a problem

Typically, banks require a specific number of pre-sales before funding a development project. This can make things difficult for you as a developer. Most people prefer purchasing a completed product, be it a section, townhouse or apartment. It’s often difficult to find buyers willing to pay top price on the basis of concept plans and drawings. This means that a developer is forced to give discounts. This doesn’t just cost you in the short term, but can set the benchmark for future sales, making it hard to get buyers willing to pay higher prices once the development is complete. This can often have big implications; for example an increase of $10,000 per section on a 100 lot subdivision is an additional $1 million dollar in profit. But if the developer has achieved pre-sales at a certain price, it is quite difficult to convince other buyers to pay more.

The underwriting option

Underwriting works by reducing or eliminating the need for pre-sales. The underwriter agrees to purchase a specific number of properties in the development at a mutually agreed price (usually 70 to 80% of market value). If you are unable to sell these properties by a specific date (Termination Date), the underwriter we’ll be required to settle the underwritten properties.

The underwriter will charge you a fee for this service, and will deposit a portion of the underwritten price with the bank as a performance bond.

Why underwriting works:

Underwriting has the advantage of working for both the bank and the property developer.

For the bank, underwriting ensures that even if the developer is not able to sell the completed product, a specific number of properties will be sold to the underwriter thereby reducing residual debt on the development.

As a developer, you benefit because you don’t have to pre-sell at a discount. This means that you are able to complete the project and sell at full market value, and maximize the profit on the development. This is especially beneficial in a rising market as the market value on completion will be higher than pre-sale prices.

ASAP- a trusted underwriter

Underwriting only works when the bank trusts the underwriter to perform in the event the underwrite is called up. Because ASAP Finance has worked with most of the major trading banks in New Zealand, we’re a known and trusted underwriter.

General Underwrite Criteria

  • Minimum Amount: $100,000
  • Maximum Amount: $20 million
  • Underwrite Price: 70% - 80% of market value
  • Underwrite Fees: 4% - 5% plus brokerage
  • Property Type: Sections, houses, apartments, town houses

Joint Ventures & Private Equity

Joint ventures and private equity can help investors or developers who don’t have the equity they need to take advantage of a property opportunity. At ASAP, we take on select joint venture arrangements for development projects.

Our projects range from land subdivision, to constructing residential dwellings or apartments, to commercial developments. We assess each joint venture proposal on its individual merits, but there are some key parameters that we consider when making the decision.

Key joint venture parameters:

Experience and expertise

We only choose to work with joint venture partners who have proven to have the skill and capability to deliver a project from inception to completion.


We choose to operate in an ethical manner and will only partner with investors who share the same values. This means people with an unblemished history and strong business ethics. In the unlikely event that a development project runs into financial difficulty, we believe in paying our debts rather than hiding behind a limited liability company.


We only take on projects located in the major New Zealand cities.

Project type

We’re residential and commercial property experts, so we focus on those areas when it comes to joint ventures. We don’t invest in high-risk ventures such as farms, hotels, or irrigation projects.

Risks and returns

Like any equity investor, we assess the risk and return parameters for every project. We’ll complete a detailed risk assessment before entering a joint venture.

Check Out Our Case Studies

Case Study 1
Case Study 2
Case Study 3
Case Study 4
Case Study 5

Frequently Asked Questions

Can I repay my loan early?

Yes. You can pay your loan early - in part or in full. As long as you give us 30 days’ notice before you make a payment, you won’t need to pay an early repayment fee.

How much can I borrow?

The amount you can borrow depends on your security, earnings, and the value of the asset. We can lend up to 75% of the value, depending on location and security.

Our minimum loan is $150,000, and we can lend up to $20 million on a single loan.

What fees do I have to pay?

Although we charge an application fee of 2% (plus brokerage if applicable) this is usually added to the loan so you don’t have to pay anything upfront. We pride ourselves on not charging you any other “hidden” fees such as minimum lending fees, early repayment fees, loan administration fees etc.

What are your interest rates?

Our interest rates are sensitive to the level of risk and the term of the loan. Typically, the lowest interest rates are for shorter terms (3-6 months). Because our loans are short-term, interest rates are fixed for the length of the loan.

Our current base rate is 7.95%p.a (3 months). If your loan is considered higher risk, a margin may be applied to this base rate to reflect the level of risk the loan represents.

How long can I borrow for?

Our loan terms generally range from 3 to 12 months. In some circumstances, we do lend for longer. If you meet the terms of the loan to our satisfaction, we will usually offer to roll the loan over at the end of the term if you request it.

What types of loans are available?

We offer a range of different loans, as long as they are secured by property. When it comes to loan structure, we’re very flexible.

Types of loan structure:

  • Interest only - pay only the interest on your loan, making regular payments on a payment cycle of your choice.
  • Part interest only - pay only part of the interest, based on the payment cycle you choose. The balance of the interest is paid at the end of the term of the loan.
  • Principal and interest - regular payments of both interest and principal based on the payment cycle you choose.
  • One lump sum payment - Pay all interest and principal at the end of the loan.

Interest payment cycles can be monthly, quarterly, 6 monthly or simply one lump sum payment at the expiry of the loan.

What is the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT)?

The Anti Money Laundering and Countering Financing of Terrorism Act came into effect from 1 July 2013. This Act places an obligation on all New Zealand banks and financial institutions to detect and deter money laundering and terrorism financing. The goal is to help protect New Zealand from financial crime and improve our international reputation as a safe place for doing business.

How will the AML/CFT affect you?

Under the AML/CFT, all banks and financial institutions will need to collect more information to verify a customer’s identity and source of funds.

Before we can give you a loan, we will need to ask you for these details.

That means, even if you have borrowed from us before, we may need to ask you for extra identity documents and information.

Businesses, trusts or other organisations will need to provide information on the organisation and anyone who acts on its behalf.

The Act affects all banks and financial institutions in New Zealand, so we are required to abide by it.

If you have any questions, please feel free to contact us by email or phone +64 9 520 3660.

Is ASAP Finance Limited a member of any industry body and dispute resolution service?

ASAP Finance Limited has always developed and maintained strong relationship with various industry bodies.

We are members of the Professional Advisors Association (PAA) which is the premier industry body representing the interests of financial advisors in New Zealand.

ASAP is also a panel lender for some of the top mortgage aggregator groups including:

  • Mortgage Express
  • Loan Market
  • Mike Pero Mortgages
  • TNP Home Loans
  • Mortgage Link

We are also a member of the Financial Services Complaints Limited (FSCL) who provides an independent and impartial dispute resolution service. FSCL has been approved by the Minister of Consumer Affairs to operate as an external dispute resolution scheme in the financial services industry.

Contact Us

ASAP Finance Limited

Level 2, 1 Balm Street, Newmarket | PO Box 99 975, Newmarket, Auckland, 1149
Tel: +64 9 520 3660 / 0800 272 756 | Fax:+64 9 520 3664