Supporting manufacturing growth with $6.8m loan in Mount Wellington.

Silver Harbour Capital recently completed an equity release on a mortgage free commercial property in Mount Wellington for a loan amount of $6.8m for twelve months. The money was required to provide further investment in new machinery to increase productivity to meet new contractual obligations for the company. The organization has already won acclaim for its high standards in manufacturing and wishes to increase business opportunities in the future.

The client will exit the loan from the sale of an existing commercial premises and funds invested from its parent company in Hong Kong. The security is in a prime location and the Credit Committee were happy to approve the loan at 55% LVR due to financial status of the lender and the unencumbered security offered.