For indicative terms, we commonly start with a sale and purchase agreement, draft plans and a high-level feasibility or cost budget. Depending on the project, we may also review consents, construction contracts, consultant reports and the proposed exit strategy.
ASAP Finance provides construction and development loans across New Zealand, with flexible structures that can remove presale requirements for suitable projects. Since inception, we’ve reviewed thousands of transactions and facilitated billions of dollars in construction and development lending across New Zealand.
Whether you’re looking to build a single residential house or master planning a staged subdivision, ASAP Finance has a proven track record with development finance and construction lending in NZ. Talk to our lending team about a funding structure for your project.
Why developers choose ASAP Finance
No presales required
Most lenders want presales covered before they’ll commit. If your feasibility stacks up and there’s a clear exit strategy, we can move forward without it.
QS generally not required
Quantity surveyor reports add time and cost to every drawdown. We use our own assessment process, reducing costs and paperwork during construction.
Indicative terms in 24-48 hours
A credit-approved letter of offer can follow once the required due diligence is complete and terms are accepted.
Simple lending criteria
With fixed fees and no hidden costs, you know exactly what you’re signing on for with our development finance terms.
Independent, non-bank lending
We take advantage of our independence, adapting our structures and products to create highly competitive funding packages for our clients.
From $500K to $50M
We work across a wide range of project sizes, from smaller residential developments through to large-scale commercial and mixed-use projects.
ASAP development finance process
1
Submit a funding application
We work quickly, assessing your project and providing indicative terms in as little as 24 hours.
2
Formal letter of offer issued
Following your acceptance of the indicative terms, we issue a letter of offer detailing:
- Our fees
- Your interest rates
- Loan terms
- Key terms, conditions and approval requirements
- Unlike indicative terms, our letters of offer are credit-approved, subject to satisfaction of the stated conditions
3
Construction loan documents drafted
Once you have signed our letter of offer and paid the deposit on our fee, we work with your solicitor to arrange the completion of loan documents and work with them towards settlement.
Types of construction loans available
We provide construction and development loans for a wide range of project types across New Zealand, working with experienced developers on projects from $500K to $50M.
- Standalone houses
- Duplex, triplex, and terrace townhouses
- Multi-unit apartments
- Commercial offices & retail units
- Industrial warehouses
- Childcare centres and other specialist commercial assets
- Land acquisition and site preparation
- Subdivisions & master-planned subdivisions
What we review for development finance applications
Every construction project is unique. That’s why we assess each proposed development on its own merits. Unlike turn-key home loans, construction finance requires a comprehensive breakdown of various budgets, consents, and contracts.
- Project feasibility and construction budgets
- Building plans and consents, including resource consents, building consents, and engineering approvals
- Developer experience and consultant team
- Construction contracts and tenders
- Borrower contribution/equity
- Pre-sale position and sales/exit strategy
Why NZ developers are choosing non-bank lenders for construction loans
Bank appetite for property development can be more constrained, particularly for smaller, early-stage or more complex projects. Non-bank lenders like ASAP Finance operate outside the constraints of traditional bank lending. We move faster and can structure facilities that banks typically won’t consider.
For developers who need certainty and speed, non-bank development finance can be a practical and powerful option.
