Global Pacific Corporation, Limited
Corporate in Auckland
www.globalpacific.co.nz
Remember you found this company at Infodats
(09) 303370?
Address
Level 3. Parnell.. 3229, Auckland, Auckland.Are you the owner or manager of this company?
What you should know about Global Pacific Corporation, Limited
The lack of genuine inflationary pressure, meaning that interest rates are not looking likely to rise until much later in the year. The continuing loss of skilled and semi skilled labour, particularly to Australia. We believe this shortage will worsen as the lead time to get completed apartment complexes or residential subdivisions to a tenantable stage is considerable. It is interesting how the various economists and in turn the government are looking to push investment away from residential property, but haven’t come up with an answer as to who will then build and own the property required to house a growing population.
It is now becoming more prevalent for larger numbers of the younger population not now aspiring to own a property as a main goal. The effects of the very low yields being obtainable from Residential investment have contributed to this shortage, so the first thing to move will be rentals, which we are now seeing. The state of the construction industry was shown when December 2010 saw the lowest number of building consents issued since 1965 and the Councils and the Government are preferring not to be letting any further local body infrastructure projects as they don’t want a lot of construction underway during the Rugby World Cup, hence the outlook for the rest of the year is not particularly positive. The main trading banks are all seeing their loan books reducing with our perception being that the only bank chasing new business relationships is the BNZ. The larger remaining non bank lenders, being nominee, Trustee lenders and the finance companies are all able to pick and choose the deals they fund, and charge increased margins and fees, as their competition in this market is minimal.
There are a large number of lenders chasing funding proposals in the up to 2. 0m range, so that means it can be easier to fund a number of smaller deals than larger proposals at the moment. Refinance of a dry stock farm first mortgage away from a trading bank, 1. 8million bank first mortgage arranged for an industrial design and build project with high LVR where there were no pre sales but a strong tenant covenant. With the equity created by leasing commitment, the project was 100 funded at 12 interest. Our fees are success based and getting us involved in the early stages of a project or transaction so often means a better end result.
Global View is an email newsletter reporting on the Global and New Zealand economies with a bias towards how it affects the Property and Business Finance Market. Global Update is an email newsletter reporting on the Financial Markets in New Zealand explaining how you can get the finance you want. At Global Pacific we have negotiated a number of funding arrangements where clients have taken an extremely profitable position to enable sound business and property proposals to proceed
It is now becoming more prevalent for larger numbers of the younger population not now aspiring to own a property as a main goal. The effects of the very low yields being obtainable from Residential investment have contributed to this shortage, so the first thing to move will be rentals, which we are now seeing. The state of the construction industry was shown when December 2010 saw the lowest number of building consents issued since 1965 and the Councils and the Government are preferring not to be letting any further local body infrastructure projects as they don’t want a lot of construction underway during the Rugby World Cup, hence the outlook for the rest of the year is not particularly positive. The main trading banks are all seeing their loan books reducing with our perception being that the only bank chasing new business relationships is the BNZ. The larger remaining non bank lenders, being nominee, Trustee lenders and the finance companies are all able to pick and choose the deals they fund, and charge increased margins and fees, as their competition in this market is minimal.
There are a large number of lenders chasing funding proposals in the up to 2. 0m range, so that means it can be easier to fund a number of smaller deals than larger proposals at the moment. Refinance of a dry stock farm first mortgage away from a trading bank, 1. 8million bank first mortgage arranged for an industrial design and build project with high LVR where there were no pre sales but a strong tenant covenant. With the equity created by leasing commitment, the project was 100 funded at 12 interest. Our fees are success based and getting us involved in the early stages of a project or transaction so often means a better end result.
Global View is an email newsletter reporting on the Global and New Zealand economies with a bias towards how it affects the Property and Business Finance Market. Global Update is an email newsletter reporting on the Financial Markets in New Zealand explaining how you can get the finance you want. At Global Pacific we have negotiated a number of funding arrangements where clients have taken an extremely profitable position to enable sound business and property proposals to proceed
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Our business is advising on and arranging all forms of debt and equity finance for all forms of property and business. We are an independent firm of commercial finance brokers with access to all the banks, prime lenders and specialised financiers in New Zealand. So our service and expertise is not only obtaining the funds for them but also advising on the type that best suits their circumstances. Another part of our business is more like a consultancy role where we are asked to advise on structuring offers to obtain funding usually equity , undertaking negotiations with existing financiers when there is disagreement, and advisory roles generally. Refinanced existing first and second mortgages and arranged development finance to complete the construction of a partially built 8 unit apartment complex purchased at mortgagee sale. Refinanced existing bank term loans and facilities for a business involved in the publishing industry that wished to expand its operations. Refinanced existing capitalised first and second mortgages on a boutique accommodation lodge and vineyard and also on a large bare land residential lifestyle block with an olive plantation. Refinanced existing first and second mortgages on a partially completed commercial building and raised additional finance to refurbish and tenant so that the new valuation supported the availability of further finance to purchase another vacant commercial property. Refinanced a bare block of land for 6 months to allow the client sufficient time to create the new titles and carry out necessary civil works. Arranged the finance to purchase a vacant commercial property and convert to apartments. Structured an offer for participation in an agricultural venture in New Zealand to be presented to offshore investors. Provided advice on structuring the supply arrangement agreement and identifying and bringing in offshore equity investors to the manufacturing arm to complete the chain. Global View is an email newsletter reporting on the Global and New Zealand economies with a bias towards how it affects the Property and Business Finance Market. Global Update is an email newsletter reporting on the Financial Markets in New Zealand explaining how you can get the finance you want. At Global Pacific we have negotiated a number of funding arrangements where clients have taken an extremely profitable position to enable sound business and property proposals to proceed
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