Transported homes = tailored finance.

Building four homes in Queenstown is easy enough, right?

Not when they’re being constructed off-site, hundreds of kilometres away in Christchurch.

This is exactly the challenge one of my clients brought to me.

This client is a developer working between Queenstown and Auckland.

They’d worked with me before on a previous deal, where we raised equity against a $5 million land asset. That partnership had delivered, so when this new project came up, they picked up the phone again.

The goal this time was to secure construction finance for a 4-unit development in Queenstown.

The way they’re building it threw the usual funding model out the window. The four houses are being built off-site in Christchurch and transported down once complete.

To most lenders, that’s a dealbreaker.

They can’t take security over homes that don’t yet exist on the land.

No vertical build = no leverage.

But that didn’t mean the door was closed.

Because I’d already worked with this client and understood the value of the project, I knew we needed a creative approach.

One that didn’t rely on the conventional structure.

We put forward a solution, a specific security agreement over the off-site builds. It’s complex, but it’s the only viable path.

It’s one we’re actively progressing.

We’re meeting lenders on-site in Queenstown to present the deal in person. That conversation might be the key to unlocking finance and getting this project off the ground.

This goes to show what can happen when you throw the traditional checklist out the window and back the right vision with the right structure.