.jpg)
Property-backed business finance
Use the equity you already have, without touching your bank loan
Flexy lends New Zealand companies and trusts up to $150,000 against the equity in their property. Your existing bank mortgage stays exactly where it is. Repay in one lump sum, or gradually as you go.
✓ Up to $150,000
✓ Up to 80% combined LVR
✓ Offers within 24 hours
Free instant estimate • No obligation
What do people use Flexy for?
Most people come to Flexy with a deadline, not a loan type. Find the situation closest to yours and see how the funding works.
What we've funded recently
The situation
A trade project needed renovation funds secured against the property, to prepare it for sale.
What we did
We funded $56,000 against the equity in the property, secured behind the existing bank mortgage.
The outcome
The renovation was completed and the property was prepared for sale, as planned.
What we've funded recently
The situation
A renovation was complete, but a shortfall remained on the trade property's costs.
What we did
We funded the $12,276 shortfall against the equity in the property, secured behind the existing bank mortgage.
The outcome
The project was fully funded, with nothing left outstanding on the renovation.
What we've funded recently
The situation
An investor was finishing off a renovation and needed Code Compliance on a minor unit to prepare the property for sale.
What we did
We funded $40,000 against the equity in the property, secured behind the existing bank mortgage, to complete the work and reach Code Compliance.
The outcome
Code Compliance was achieved and the property was prepared for sale, as planned.
What we've funded recently
The situation
An experienced franchise operator wanted to buy into a new franchise, in a business they already knew how to run, but the bank wanted a business plan and financial projections on the new site before it would lend.
What we did
We funded $50,000 against the equity in their property, interest only, with a plan to refinance to the bank once six to twelve months of trading history was established.
The outcome
They were trading again within weeks, with the refinance to the bank on track once trading history is in place, as planned from the outset.
What we've funded recently
The situation
A first-time franchise buyer wanted to become their own boss, and the franchise came with a guaranteed turnover clause, topping up weekly income for the first year if trade fell short.
What we did
We funded the purchase with $29,000, repaid through weekly repayments over two years, covered by the guaranteed turnover clause while the business became established.
The outcome
The business is trading, with the loan being repaid steadily over the two-year term.
What we've funded recently
The situation
A takeaway food business needed a full fit-out to open its store, but a fit-out has no tangible asset a lender can secure against.
What we did
We funded $30,000 against the equity in the client's property, secured behind their existing bank mortgage.
The outcome
The store opened and has been trading since, with the loan serviced out of what the business brings in.
What we've funded recently
The situation
A corner store needed repairs and a refresh to its shopfront to improve its street appeal and keep trading well.
What we did
We funded $35,000 against the equity in the property, secured behind the existing bank mortgage, to cover the repairs and shopfront work.
The outcome
The store's street appeal improved, and the business continues trading, servicing the loan from its weekly income.
What we've funded recently
The situation
A client had consent approved to add an income-producing second dwelling to a title they already held, and a relocatable house lined up. Most of the project was self-funded, and what remained was the cost to get the house on site and connected, which the bank wouldn't lend against until then.
What we did
We funded $90,000 against the equity in the existing property to get the house on site and connected.
The outcome
Once Code Compliance was issued and the property revalued, the loan was refinanced to the bank, exactly as planned from the outset.
What we've funded recently
The situation
A pet grooming business had been operating for a year from the owner's residential property under a sole trader structure, and was formalising into a company. The new company had no trading history of its own.
What we did
We funded $28,800 against the equity in the property, to purchase grooming equipment, pet toys and other products needed to operate and expand the business under the new structure.
The outcome
The business continues to operate and expand under the new company structure, servicing the loan from its ongoing income.
What we've funded recently
The situation
A company received a statutory demand from IRD and had limited time to pay or reach an arrangement before risking liquidation. The company held equity in a property, but couldn't access it through a bank in time.
What we did
Funds against the equity in the property to clear the debt within the statutory deadline.
The outcome
The debt is cleared, the statutory demand is satisfied, and the liquidation risk is resolved.
What we've funded recently
The situation
A trader is refinancing residual stock to a longer-term, lower-rate lender, but the new lender has offered less than needed to repay the existing facility in full.
What we did
Advances a second facility for the shortfall, settling at the same time as the new first mortgage, to repay the existing lender in full.
The outcome
The refinance completes on schedule, with the trader moved onto the new, lower-rate facility without delay.
What we've funded recently
The situation
A portfolio is being split and refinanced across banks, and one pool is short of what's needed to hold the assets it's taking on.
What we did
Advances a small second facility against that pool, settling alongside the new bank lending, to bridge the gap.
The outcome
The portfolio split completes as planned, with each pool holding the assets intended for it.
What we've funded recently
The situation
A trading company wanted to close a Bizcap line of credit of about $10,000 and access additional working capital.
What we did
We structured a $20,000 loan behind the existing bank mortgage to pay out and close the Bizcap facility and add working capital.
The outcome
Weekly principal and interest payments over 52 weeks, giving the business a set schedule to clear the new loan.
What we've funded recently
The situation
A hospitality business needed to clear both a Bizcap loan and Inland Revenue arrears.
What we did
We structured a $20,000 net refinance behind the existing bank mortgage, with the borrower's solicitor to pay out Bizcap and arrange its security release at settlement.
The outcome
Clear both debts in the same settlement and close the Bizcap facility.
What we've funded recently
The situation
A property owner had found their next purchase and needed the deposit, but their existing property was still listed for sale and hadn't settled.
What we did
We released $93,500 in equity against the property, secured behind the existing bank mortgage, to fund the deposit on the new purchase.
The outcome
The loan was repaid in full once the existing property sold, exactly as planned.
What we've funded recently
The situation
An experienced property investor found a larger property at auction and needed to fund the deposit quickly to meet the unconditional auction terms.
What we did
We released $84,000 in equity against the investor's existing rental properties, secured behind their existing bank mortgages, so the auction deposit could be paid on time.
The outcome
The loan was repaid once other properties in the portfolio were sold down, as planned from the outset.
What we've funded recently
The situation
A subdivision already had resource consent granted, and the project needed the remaining costs covered to reach title.
What we did
We funded $107,000 against the equity in the property, secured behind the existing bank mortgage, to cover the costs remaining to reach title.
The outcome
Title was issued, and the loan was repaid from there, as planned from the outset.
What we've funded recently
The situation
An established food truck business was trading well and had lined up a second truck to double up at weekends. The bank wanted trading history on the new unit before it would lend.
What we did
We funded $49,000 against the equity in the client's property, secured behind their existing bank mortgage, with an offer issued within 24 hours.
The outcome
The second truck was trading within weeks. The business is servicing the loan out of what it brings in.
What we've funded recently
The situation
A company had a bank approval lined up in every respect except one: unpaid IRD arrears sitting on the file.
What we did
We funded $48,000 to clear the arrears in full, secured behind the existing bank mortgage.
The outcome
With six months of clean IRD history behind them, the client is reapplying to the bank the broker already had lined up.
How our lending works
01
Apply online in minutes
Complete our simple online application and provide a few key details, including your property address, the amount you need, the purpose of the funds, and automatically verify your bank data with us through Illion.
02
Fast assessment
Flexy reviews your available equity, LVR and ability to service the loan. Once we have a complete application, we aim to issue a loan offer within 24 hours.
03
Receive your funds
Accept your loan offer, complete any remaining requirements through your online portal, and we'll arrange the funding process.
Which Flexy loan is right for you?
Both loans work the same way: Flexy lends against the equity in your property and sits behind your existing bank mortgage. The difference is how you pay it back.
Product
2-Year P&I Equity Release
Borrow up to $50,000 against your property equity and repay it steadily through regular principal and interest payments over up to 24 months. Your balance reduces with every repayment and your bank loan stays in place.
Eligibility criteria: You will need sufficient cash flow to support regular repayments to qualify.
Term: Up to 24 months
Repayments: Principal and interest
Principal: Repaid progressively
Product
Short-Term Equity Release
Borrow up to $150,000 against your property equity for 3 to 12 months, with interest-only repayments and the principal repaid as a lump sum at the end. Your bank loan stays in place, no refinancing required.
Eligibility criteria: You will need a suitable lump-sum repayment plan is required to qualify
Term: 3-12 months
Repayments: Interest only
Principal: Repaid at end of term
Not sure which fits? Tell us your situation and we'll point you to the right one.
Instant estimate
How much can I borrow?
See what your property equity could unlock. Enter a few details for a free, instant estimate, with no obligation and no effect on your existing bank mortgage. It takes about a minute.
How it's calculated
80% of your property value, minus what you already owe.
For example
A property worth $900,000 with a $560,000 mortgage has $160,000 of available equity.
%20(1).png)
Why borrowers choose Flexy
Flexy is a direct lender, so you deal with the decision-makers directly. Your existing bank loan stays in place, no refinancing required. No tax returns or profit and loss statements to gather, and loan offers are issued within 24 hours of a complete application.
-
Direct lender, direct decision-makers
-
Up to 80% combined LVR
-
Your bank loan stays in place
-
Assessed on equity and exit plan
-
Offers within 24 hours
Mortgage advisers and partners
If you have a client the bank can't help this month, Flexy lends against property equity with offers within 24 hours. Simple referral process, no portal to learn.
Simple referral process
Competitive commissions
Fast responses and deal transparency
You stay across the deal from referral to settlement
Frequently asked questions
Flexy lends to New Zealand companies and trusts against the equity in their property, up to $150,000. There are two options: a short-term loan repaid in one lump sum, or a 2-year loan repaid gradually through regular principal and interest payments.
No. Flexy sits behind your bank and doesn't refinance or renegotiate your existing loan. Where the security is a caveat, most banks aren't involved in the process at all.
Up to $150,000, subject to a combined 80% LVR across all lending on the property. The quick calculation is property value × 80%, minus your existing mortgage balance.
Flexy takes either a caveat behind a bank first mortgage, or a full second mortgage behind non-bank lenders. A general security agreement over the borrowing company or trust is also required. Full details are provided in your loan offer.
Loan offers are issued within 24 hours of a complete application. Funding usually follows within a few days once AML and other conditions are met. Repeat clients can be funded same day.
New Zealand companies and trusts borrowing for business or investment purposes, with genuine equity in a property and a clear, evidenced repayment plan. Flexy doesn't lend for personal or consumer purposes.
It depends on the loan. For short-term lending repaid from a sale or refinance, usually no. For the 2-Year P&I option, Flexy looks at your ability to service regular repayments and verifies bank data through Illion.
Apply directly through the online form, or through your mortgage adviser. Once Flexy has reviewed your details, an offer is issued to you for signing.
Prefer to talk it through?
Call 021 294 8742 or email hello@flexy.co.nz
Lending is subject to approval. Loans are available to New Zealand companies and trusts for business or investment purposes only. Interest rates, fees and lending criteria may change without notice. Flexy Limited, FSP1006845. Terms and conditions apply.
What situations we help with
