Merx

09/08/2024

It doesn’t matter how smart you are, in business, the ‘dumb tax’ (as Keith J Cunningham puts it) is an ever-present possibility… Looking for your next read or listen? Check out The Road Less Stupid - some interesting perspectives and questions to ponder for all kinds of businesses.

07/08/2024

Retail is not dead!

This smart retailer almost missed the opportunity to expand because their plans fell outside the “main bank’s boxes”.

They needed funding to expand the presence of their retail business. A great operator with a strong following, the owner had identified additional locations with excellent foot traffic, which presented an opportunity to reach new markets. However, despite their clear plans and a track record of success in their existing location, the bank was hesitant to support them.

We could see the quality of business management and potential in their plans. We stepped in to bridge the gap with $150,000 in funding at 70% LVR, backed by business assets and second mortgage security over residential property. With the Merx funding, our client has secured the new location and rolled out the expansion.

With our client on their way to realising their plans, we look forward to seeing the success this smart retailer will undoubtedly generate.

01/08/2024

When we spot an opportunity for growth, we back success with purpose-fit finance. Here's a recent example:

Why did this client need our funding: Funding needed to expand the presence of a retail business. They identified strategic locations that promised a good influx of foot traffic and an opportunity to reach new markets. However, despite their clear plans and a track record of success in their existing location, the bank was hesitant to support them.

Amount: $150,000
Industry: Retail business
Location: Auckland
LVR: 70%
Type of security: Business assets and second mortgage over residential property.
Path to repayment: Increased business cashflow to repay the loan over time.

Why Merx: Recognising the potential in their plans and the good trading base they already have, we stepped in to bridge the gap by providing a tailored solution, enabling the business owner to secure new locations and roll out the expansion.

Like to find out more or talk to Merx about business finance requirements? Goto www.merx.co.nz or call 09 215 9364.

30/07/2024

A common question we get asked: "Are your loans secured?"

Short answer: Yes. All loans in the Merx Wholesale 1 PIE Trust are backed by security against local business and property assets.

Here's how we combine rigorous assessment with strong security measures to protect our investments and minimise risk: https://tinyurl.com/yneuf3p8

26/07/2024

Our experience ensures not only a fast answer, but a tailored solution that works with your needs. Here's a recent example:

Why did this client need our funding: Purchasing a property with development potential. This client planned to reposition and redevelop the property with the addition of new units, before reselling it for a good profit margin. Their mainstream lender was reluctant to rely on sale of the property for loan servicing and repayment.

Amount: $1,040,000
Industry: Property development
Location: South Auckland
LVR: 80%
Type of security: First mortgage on the client’s property.
Path to repayment: Completion and sale of the project.

Why Merx: Following our assessment, we recognised the potential of the client’s project and stepped in with a tailored solution. We decided to help with a first-mortgage loan at 80% of the purchase price.

Like to find out more or talk to Merx about property finance requirements? Go
to www.merx.co.nz or call 09 215 9364.

25/07/2024

What steps can you take today to reignite your motivation? Check out these tips.

Another reason we don’t take action is apathy. This lack of caring often originates in one of two extremes: hopelessness and pride.

17/07/2024

Sometimes, fitting into the banks' mould can make it challenging to get a project across the finish line. That's where our 'outside the box' approach can really help get projects moving. Here's a recent example:

Why did this client need our funding: Funding needed to complete a small residential townhouse project. This client felt their bank was tying them up in excessive red tape, so they approached Merx for a solution.

Amount: $1,500,000
Industry: Property development
Location: Auckland
LVR: 55% on completion
Type of security: First mortgage on the new townhouse development and second mortgage security on the broader portfolio.
Path to repayment: Refinance once the investment units are complete and rented.

Why Merx: The client’s bank were looking to impose the same conditions you’d expect for funding a $50 million project, i.e., pre-sales, full quantity surveyor review and monitoring, etc. We provided a more pragmatic approach – Simplified Project Funding – advancing funds on a progressive basis so this experienced property owner could get moving.

Like to find out more or talk to Merx about property finance requirements? Go
to www.merx.co.nz or call 09 215 9364.

12/07/2024

Creating priorities, setting boundaries, and delegating. If you're looking to maintain a healthy work-life balance, these strategies might be worth a read.

Starting with a base of trustworthiness, truthfulness, and moral principles will attract people to your brand and encourage them to become dedicated, loyal customers for the long haul.

11/07/2024

We're a lender, like the banks, but the similarity ends there. We see finance as a tool for success, offering hassle-free funding to help get your project across the finish line. Here's a recent example:

Why did this client need our funding: Property investor seeking to purchase a new commercial investment asset – it was a “good buy.” The bank made promises but provided no certainty of approval. The client needed to get on and settle the purchase to get hold of this opportunity.

Amount: $450,000
Industry: Commercial property investment
Location: Auckland
LVR: 55%
Type of security: Suburban commercial / retail.
Path to repayment: Refurbish, re-lease, and refinance.

Why Merx: We were quick to understand the opportunity and provided an approval within a day – we know a good deal when we see it. This client just needed our fast, flexible, and simple solution to help secure the opportunity.

Like to find out more or talk to Merx about property finance requirements? Go
to www.merx.co.nz or call 09 215 9364.

05/07/2024

It's all too common for savvy business owners to miss growth opportunities simply because they don't have fast access to the resources they need. We'd like to change that. Here's a recent example:

Why did this client need our funding: Business owner on the growth path. Needed funds to support further business growth. Bank wouldn't fund further than 65% of the value of their house. The business was growing faster than the equity in their home.

Amount: $350,000
Industry: Construction aligned - yes, a construction business on the growth path!
Location: Auckland
LVR: 75%
Type of security: Second mortgage over residential property plus general security over business assets
Path to repayment: Continued profitable trading will see principal and interest paid monthly

Why Merx: Pragmatic and quick credit decision and funding. Flexible payment options. We got the money moving, enabling the client to get back to growing their business.

Like to find out more or talk to Merx about business finance requirements? Go to www.merx.co.nz or call 09 215 9364

04/07/2024

We created the Wholesale 1 PIE Trust with the understanding that sound investment strategies go beyond just generating returns — it's about preserving those returns and minimising factors that can erode profits.

Here's some information about why we chose the PIE structure. If you'd like to learn more, get in touch. https://tinyurl.com/348hymh6

†Investors must qualify as Wholesale Investors as that term is defined in sections 3(2)(a) – (c) or 3(3)(a) of Schedule 1 of the Financial Markets Conduct Act 2013 (“FMCA”). The Fund is not suitable for retail investors.

03/07/2024

We understand business, can spot an opportunity for growth, and invest in success with purpose-fit finance. If you're looking to expand your business, reach out to us: https://tinyurl.com/59dtdpu8