Affordable Housing Project Auckland New Zealand

Auckland, New Zealand
Amount Sought: $32,000,000
Funding Wanted Details
Listed on Feb 24, 2024

As in most countries, New Zealand has a problem with Affordable Housing, The Central Government has tackled the problem with a guaranteed underwriting of up to 60% of the developments' housing.
This is designed to enable development funding in a tight market and surprisingly, to ensure the viability of the developer. Dead developers don't produce more housing.
The proposed Apartment Development consists of 114, 1, 2, and 3-bedroom individual titled units that meet the requirements of the Government initiative.
Construction is by way of an "off-site" modular system that increases efficiency and greatly reduces the build time, and environmental footprint.
Importantly this method produces a fixed construction price for the main structure, the variables lie in the earthworks and foundation structure, and these are not significant in the total build cost.
The location is a prime inner-city suburb without zoning issues and a straightforward consenting process, it is the policy to comply in all respects with ordinances and ask for nothing.
With the Government guaranteed to underwrite a substantial number of apartment sales, this is a gilt-edged funding proposal and can readily be repeated throughout the nation, the demand for Affordable Housing runs to thousands of apartments.
It is the intention to build a lasting financial relationship with a lender who shares this vision.
Obviously, in considering funding for this project, you are dealing with a seasoned developer/construction entity with over 45 years in the business.
New Zealand as a country has always "punched above its weight", and has international respect for its can-do attitude. We have a newly elected "Center - Right" government with a business-first attitude.
What New Zealand with its small population lacks is a financial base outside of mainstream banks and the opportunities are significant.

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Financials (USD)

Amount Sought $32,000,000

Deal Terms

Offering Memorandum Or Prospectus Available? Available On Request

Willing To Pay Finders Fee? Available On Request

Willing to Co-Broker? Available On Request

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