Property Underwriting
Property Underwrites
Pre-Sale Underwrites can be tailored to reflect each development and with it counting toward a pre-sale you can be one step closer to getting started on your development today.
Underwrites are committed sale and purchase agreements which developers can choose to cancel when a better offer comes available. They can be tailored for your Bank or Property lender to assist with the level of pre-sales they require for development finance loan approval.
Developers' Sale & Purchase agreements underwritten
Traditional 75% pre-sale underwrite with a 10% deposit for the lender
Traditional 75% pre-sale underwrite with a 10% lender's deposit borrowed
100% pre-sale with 75-80% underwrite and the developer contributes a 25-20% deposit.
An underwrite is an unconditional but renounceable sale & purchase agreement at a guaranteed amount. Renounceable in that the developer can replace it with a better offer, at their and the lenders discretion.
Contact us now for urgent 2nd mortgages, Asset lend or Underwrites
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gerrard.sayes@nzmig.co.nz
