Backing vision in bendigo
From a banks ‘no’ to a vineyard ‘yes’. This one was special.
Our clients had a great vision: A luxury Airbnb, nestled on their working vineyard in Bendigo, Central Otago. Right in the heart of world-class Pinot Noir country.
But their main bank didn’t share the vision.
Why? Their build contract wasn’t fully fixed - just 65% locked in - even though they had secured huge savings through direct relationships with building suppliers.
The bank said no.
We said ‘let’s find a way.’
We structured a $1.6M construction loan, 70% LVR, partially capitalised, based on end valuation.
✓ No full fixed-price contract
✓ No financials
✓ Approved
A second-tier lender saw the opportunity and backed the deal.
The vineyard itself has a story too.
Originally planted by James Dicey (of Dicey Wines), it’s now producing incredible wine with winemaker Rudi Bauer and collaborations with Maude. 6,500 vines. 14 tonnes of fruit this year. A 2024 Pinot Noir that’s 30% better than last year’s (and that’s saying something).
This deal isn’t just about bricks and borrowing.
It’s about backing belief, structuring smart, and making sure ambition doesn't get stuck in the system.
