ASAP Finance | Property Finance Specialists

Simple, competitive property funding solutions

ASAP Finance is a leading non-bank lender offering first mortgage finance on residential, commercial and industrial properties. Since 2004 we have partnered with investors, developers and home builders to provide innovative and competitive property funding solutions. Our team combines in-depth industry knowledge with practical development experience to cater to all aspects of your funding requirements.


Loans Settled


NZ $ Lent

Development and Construction Finance

If you are a developer or house builder, we can help get your next project off the ground. Each year we fund over 200 new builds and 300 sections; offering bespoke funding packages for a wide range of projects from modest infill housing projects to large multi-staged subdivisions.

Commercial & Industrial Loans

Whether you are buying a new property, refinancing, or looking to build your own office – our team of lenders can assist in unlocking the capital required to make your commercial project a success.

Investor Loans
Bridging Loans
Land Bank Loans

Our Partners

Lending Criteria

MIN Loan Amount
NZD$ 200,000

MAX Loan Amount
NZ$ 20,000,000


12 months
(Roll-over may be possible)

We don’t just tick boxes. We choose to focus less on standardised parameters used by banks and instead take the time to understand your individual lending requirements. It is our expertise which allows us to waive restrictive conditions saving you time and money.

For most applications we do not require:

  • Pre-sale targets
  • Valuations
  • Progress Valuations/QS reports
  • Fixed price contracts only
  • Full financial disclosure
  • Strict servicing criteria
  • Avoidance of historical credit blemishes


Our interest rates are sensitive to the level of risk and the term of the loan.

Our current base rates for 6 and 12-month loans are 9.95%p.a. and 11.95%p.a. respectively.

Flexible repayment options and terms are available upon request.


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

  • No minimum lending fees
  • No early repayment fee subject to 30 days' notice
  • No site visit fees
  • No administration fees

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 $1,800 plus GST and disbursements.


It is a condition of our lending that satisfactory insurance is held by the borrower. In most instances, the type of insurance required will depend on the nature of your loan. For standard investment loans, replacement cost insurance will be necessary, while for builders and developers wider insurance coverage such as contract works, and civil and statutory liability insurance, may be required.


Speciality Services

Joint Venture Equity

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.

Contact ASAP Finance

Key Joint Venture Parameters

Experience and expertise

We only choose to work with joint venture partners who have proven 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. 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 New Zealand’s major urban centers.

Project Type

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

Risk and Return

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


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.

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How Underwriting Works

Underwriting reduces or eliminates the need for pre-sales often required to secure bank funding.

As an underwriter we would agree to purchase a specific number of properties from a developer at a mutually agreed price. If they are unable to sell these properties by a specific date, we will settle the underwritten properties at the agreed price.

This means the developer no longer has to pre-sell at a discount and is able to complete the project and sell at full market value thereby maximizing profit.

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

Underwrite Criteria

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

Mortgage Advisors

Mortgage brokers are critical to the success of our business and we endeavour to establish and maintain long-term business relationships with the mortgage broking community.

As a mortgage broker, you stand to gain significant benefits by referring your client’s business to us. Some of the key benefits are:

Knowledge differential

We will assist you in structuring the deal and we thrive in finding solutions for complex funding applications.

Zero claw-backs

We operate a no claw-back policy; even when the client repays us early, you keep your full commission. Standard commission rate is 1%.

Client first approach

If in our opinion your application is fundable by a bank, we will refer you to our property finance unit contacts at a mainstream bank.


We are proud of work our clients have completed.

Below is a selection of completed loans

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.