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.
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.
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.
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.
- Minimum Amount: $5 million
- Maximum Amount: $30 million
- Underwrite Price: 65% - 80% of market value
- Underwrite Fees: 4% - 5% plus brokerage
- Property Type: Sections, houses, apartments, town houses and bare land