Reduce or eliminate the need for pre-sales
As your underwriter, ASAP Finance will agree to purchase a certain number of properties from a developer at a mutually agreed price. If those properties are not sold by a specific date, ASAP Finance will settle the underwritten properties at the price agreed.
Rather than eating into profits by pre-selling properties at a reduced rate just to complete the project, you can sell at full market value thanks to your underwrite agreement with ASAP Finance. This is helpful for securing mainstream bank finance for your building or development project.
Underwrite Criteria
- Minimum Amount: $5 million
- Maximum Amount: $50 million
- Underwrite Price: 65% – 80% of market value
- Underwrite Fees: 4% – 5% plus brokerage
- Property Type: Sections, houses, apartments, town houses and bare land
A trusted underwriter by New Zealand’s mainstream banks
Having worked with most of the trading banks in New Zealand, ASAP Finance is a known and trusted underwriter that banks can rely on to perform should the need arise.
