Construction & Development Lending
Looking for a loan? We offer:
Kings Finance is a family owned company based in Hamilton for 15 years, lending to businesses in the Waikato.
Property Development Loans
We specialise in property development loans for construction companies, mainly residential builds in Hamilton, using a first mortgage for security. We finance the project from bare land to completion when the property is either sold or leased.
How do the Property Development Loans Work?
Generally, lending is up to 12 months. The loan can be structured so that you don’t have to pay any interest (capitalised) or principal payments until the project is complete, after all, you are not getting income or profit off the investment until completion.
Progress payments are paid to the developer from an agreed schedule as the build proceeds. Proposals without pre-sales are considered, to ensure the full retail price at completion is realised by the developer, not a middleman, speculator.
We lend up to 70% LVR (loan to value ratio) on the cost price. It is extremely rare that we would ask for QS (Quantity Surveyor) reports or registered valuations, saving your money.
Do you provide personal loans?
No, Kings Finance do not provide personal or consumer loans.
The Personal Touch - Face to Face Lending
Being a privately owned non-bank business lender, we understand the need to move quickly and use discretion. We do not deal through brokers. We like to meet all our customers face to face. This gives us the agility, once we have all the information, to give your business direction regarding your project quickly. As part of the process, we ensure that AML/CFT and Privacy laws are complied with. Kings Finance Limited FSP number is FSP8421.