Southern Cross Partners offers a wholesale investment program with rates around 9.00% p.a.* for investors that qualify.
Southern Cross Partners provides mortgage lending under the regulations that govern peer-to-peer lending in New Zealand. These regulations restrict the amount that can be borrowed by any entity to $2M in any 12-month period.
As part of our normal business activity, we are often presented with lending opportunities more than $2M and under current legislation we have been unable to fund these through the peer-to-peer platform.
These loans are provided via our sister company Southern Cross Finance Limited to investors outside of the peer-to-peer framework, and only available to those who qualify as wholesale investors.
Typically, loans offered in this manner will be larger loans (requiring a larger investment) and they will generally have more complex securities attached to them, as opposed to a simple residential property.
Because the sums are larger and the securities more complex, we can offer a higher interest rate to our wholesale investors, typically around 9.50% p.a. (*subject to availability).
There will be three main ways you can qualify as a wholesale investor:
Note: Qualifications one and two must be met on the last business day on each of the two past financial years, and every individual investment for qualification three made must be a minimum of $750,000 per loan.
If you meet any of these criteria, you are likely to be accepted as a wholesale investor (note there are other ways to qualify that may apply to you).
Have at least $5M in net assets
or business turnover,
under your control, or
Have at least $1M invested
in a similar investment
ie a type of Contributory Mortgage or Peer-to-Peer Investment
Invest a minimum of $750,000 into a single investment
Firstly, you must register as an investor with Southern Cross Partners. Click here to find out more about our registration process.
Application
To apply to be a wholesale investor you must complete and supply the Wholesaler Investor application form opposite.
Email your application form to [email protected]