Joint Ventures

Track record key to joint venture equity


ASAP Finance is always seeking new development opportunities and will openly consider joint venture equity arrangements for a variety of projects including land banks, subdivisions residential and commercial developments. Each joint venture proposal is considered on individual merit. A successful track record is essential.

Joint Venture Parameters

ASAP Finance works with joint venture partners who have proven that they can successfully deliver property development projects from start to finish.

Ethics and integrity are key

Joint venture partners are assessed based on clear demonstration of shared value and ethics. Integrity is vital, to the extent that if a development project runs into difficulty, the joint venture entity will pay its debts rather than hide behind a limited liability company.

Residential and commercial property in New Zealand

ASAP Finance will only consider joint ventures for projects located in New Zealand’s major urban centres – Auckland, Christchurch, Wellington, Tauranga and Hamilton.

Risk and return

Like any equity investor, ASAP Finance assesses the risk and return parameters for each project. Detailed feasibility studies and risk assessments are completed for every project.


Are you open to joint ventures?

Yes, ASAP Finance will consider joint ventures. In addition to assessing the viability of a project, ASAP Finance will enter joint ventures where there is a track record of being able to see a project through to completion. Preference is given to residential and commercial property projects.

What is your criteria for considering joint venture opportunities?

ASAP Finance will consider joint venture arrangements for a variety of scenarios including investment property, landbanks, subdivisions, and residential, commercial and industrial developments. Joint Venture partners must have a healthy track record, strong business ethics and the skill and capability required to deliver a project from inception to completion. Typically, the project will be located in one of the major cities in NZ and not be of a specialised nature.

How are joint ventures structured?

The most common joint venture structure is to create a Limited Liability Company for the sole purpose of completing the development (also known as a Special Purpose Vehicle or “SPV”). The joint venture company owns the assets of the venture, enters into contracts, incurs obligations and liabilities, and makes a profit that is then distributed to shareholders as a dividend on completion of the project. 

What is the equity share arrangement for a joint venture company?

The shareholding of the joint venture company reflects the equity share arrangement that is agreed between parties prior to the start of the project. The shareholding for the joint venture company is agreed on a case-by-case basis depending on the underlying risk of the project, assigned responsibilities of stakeholders, the duration and size of the project, and the amount of equity required. 

How are joint venture projects funded?

Joint Ventures are funded by way of a first and second mortgageThe first mortgage is typically procured from a mainstream bank for up to 80% of the total project cost at a competitive rate. The balance of funds required to complete the project is provided by a related party entity (owned by ASAP Finance) by way of a discounted second mortgage. This can effectively result in a project being 100% financed. ASAP’s robust balance sheet and strong banking relationships play an integral role in securing the bank approval for the first mortgage.

When is the best time to approach you for JV?

Positive development outcomes are derived from careful planning. Engaging with ASAP Finance at the beginning of a potential project enable us to assist with the preparation of feasibilities, engagement of contractors, securing funding and more. ASAP Finance has a wealth of knowledge and experience that can be harnessed to take your project to the next level.

Other Loan and Finance services

Construction and Development Loans

Development finance is our bread and butter. The bedrock of ASAP Finance is helping Kiwi developers with securing finance to get their development projects out of the ground, having reviewed thousands of transactions and facilitated over $3 Billion in lending to the NZ market.

Commercial & Industrial Loans

If you are planning on buying a residential or commercial investment property, then you need an investment property loan. Not all complex problems require complex solutions; our team of experienced lending managers will work with you to create a simple solution, specific to your needs.

Bespoke Investment Loans Settled Quickly

ASAP Finance is the ideal place for those needing to accelerate commercial acquisition time frames and maximise return on equity through tailored commercial property loans across NZ.

Bridging Finance Structured for Your Needs

ASAP Finance offers a wide variety of bridging loan solutions for borrowers all over New Zealand. Cashflow timing gaps are natural occurrences in business; bridging these gaps can be the difference between securing your next big project or sitting on the side-lines.

Land Bank Loans for Undeveloped Land

Undeveloped land rarely generates income, and we understand how hard it is to buy land with little cash flow. If you’re wanting to secure finance to purchase undeveloped land, you’ve come to the right place.