Kings Finance - Frankton
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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) and it is extremely rare that we would ask for QS (Quantity Surveyor) reports or registered valuations, saving your money.
Contact Kings Finance
Address : | Kings Finance 1 Greenwood Street, Frankton, Hamilton 3204, New Zealand |
Phone : | π +788 |
Postal code : | 3204 |
Website : | https://www.kingsfinance.co.nz/ |
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