New Zealand is a country that is full of opportunities in the property market. Our cities are growing rapidly and there are constantly big developments on the go. For those looking to get involved in the investment property market, a good financing option to look into can be bridging finance.
Bridging funds allow you to secure a property easily, by giving a much bigger loan than any bank would in this situation. As the namesake suggests, a bridging loan will bridge the gap between your investment property, and the secured investments you will gain from it.
Many kiwis are adopting this style of loan in a housing market that is getting pricier by the day. For those developing investment properties, there is sure to be a huge return on investment once people start buying your developments. Banks don’t see this far into the future, and so don’t have the lending criteria available to approve loans for this purpose, so these kiwis are turning to bridging finance.
Bridging mortgages are a good idea for many different property development opportunities. Whether you need capital for the interest on the property, you are yet to receive resource consent but still have to pay the bills, wish to market the property to secure presales, or you are refurbishing a property that cannot yet be placed on the market. Bridge finance lending terms are more convenient and simpler than traditional bank lending, and can be a life saver for a lot of kiwis.
If you’re considering bridging finance to help you secure a property, talk to the team at CFS Bridge Finance today at http://www.bridgefinance.biz/.