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At a glance
Returns
Typically 9% to 13% per annum, depending on the loan and its risk profile. Interest is paid monthly, less tax.
Term
Usually 3 to 12 months. Your capital is committed for the term of the loan and your principal is repaid in full when the borrower repays.
Investment size
Typically between $25,000 and $150,000 per loan, which makes it practical to spread across several borrowers and properties.
Security
Every loan is secured against New Zealand property, with personal guarantees and general security agreements taken as standard.
Returns are not guaranteed. Investment involves risk, including the risk of loss.
How investing with Flexy works
Register and complete AML
Complete an investor registration form and a wholesale investor certificate. Our team then verifies your AML. Registering does not commit you to invest.
Review opportunities
Opportunities are emailed to you as they become available. Each one sets out the loan amount, term, interest rate, security type, LVR, purpose of funds and repayment strategy.
Invest and receive returns
Choose the loans you want and invest directly into that specific loan. Interest is paid monthly for the life of the loan, and your principal is returned when the borrower repays.
You pick each loan yourself. Flexy does not pool your funds or invest on your behalf.
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How we protect your investment
01
Secured by New Zealand property
Every loan is secured against New Zealand property, typically by a second mortgage or an agreement to mortgage registered by caveat. Additional related property security is taken where appropriate.
02
Guarantees and general security
Flexy takes personal guarantees from directors or trustees, and general security agreements over borrowing entities. In some cases, GSAs are also taken personally and over related entities holding assets.
03
Conservative lending limits
Loans are structured to a maximum combined loan-to-value ratio of 80% of estimated market value, providing a buffer against market movement.
04
Diversification by design
Flexy prefers multiple smaller loans over concentration in a single large exposure. Typical loan sizes run from $25,000 to $150,000 per borrower.
05
A defined exit on every loan
Every loan must have a realistic, time-bound repayment plan: a property sale, a bank refinance, a GST refund, or sighted business cashflow. Loans without a clear exit are declined.
Flexy's first-loss provision
Flexy has committed $100,000 of its own capital as a first-loss reserve, designed to absorb losses before investor capital is affected. This is not a guarantee. It reflects that Flexy has its own capital at risk alongside investors.
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To date, Flexy has not experienced a loss of investor principal. Past performance is not a reliable indicator of future results.
What we fund
Flexy lends to New Zealand companies and trusts against property equity, behind their existing bank mortgage. These are the deal types we fund most often. They are illustrative, not current offers.
Business and tax shortfalls
Short-term loans to businesses needing urgent cashflow, including clearing IRD arrears or meeting agreed payment plans. Secured by a second mortgage over residential or investment property, repaid from business cashflow or project completion.
Property renovation and value-add projects
Funding to complete renovations, relocations or compliance work where value is unlocked on completion. Usually repaid by bank refinance once works are done, or on sale.
Bridging between settlements
Equity release for investors who have sold a property but are waiting on settlement, or who need short-term funds to secure their next purchase. Repaid in full from confirmed sale proceeds.
Purchase top-ups and deposit shortfalls
Short-term funding to bridge the gap between a bank loan and the total funds required to settle. Repaid by refinance or sale within a defined timeframe.
Why it worked: Renovation funds for a trade project, ready to sell
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.
Why it worked: The shortfall on a finished renovation
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.
Why it worked: Finishing a renovation and reaching Code Compliance before sale
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.
Why it worked: An experienced operator, funded without a business plan
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.
Why it worked: A guaranteed turnover clause covering repayments from day one
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.
Why it worked: A takeaway store, fitted out and trading
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.
Why it worked: A shopfront refresh that brought customers back
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.
Why it worked: The last piece to get a relocatable house connected
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.
Why it worked, one example: A grooming business, funded to get started
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.
How this works: clearing a statutory demand within the deadline
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.
How this works: a trader refinancing residual stock
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.
How this works: splitting a portfolio across lenders
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.
Closing a Bizcap Line of Credit and Adding Working Capital
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.
Clearing Bizcap and Inland Revenue Together
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.
Why it worked: The deposit secured while the sale was still on the market
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.
Why it worked: An auction deposit funded from equity across the portfolio
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.
Why it worked: The remaining costs to get from consent to title
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.
Why it worked: A second truck, funded before the bank could catch up
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.
Why it worked: Six months of clean IRD history got them back to the bank
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.
Who runs Flexy
Flexy provides short-term, property-backed lending to New Zealand companies and trusts that need fast finance without refinancing their main bank loan.
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Founded and directed by Callum McKenzie, a property investor and finance professional with first-hand experience across renovations, reclads, developments and trading projects. Having raised private finance for his own projects, Callum built Flexy to fund the deals banks are too slow to reach.
Questions about how it works, or want to schedule a meeting?
Callum McKenzie - Director
Bachelor of Business Studies, double major in Finance and Marketing. Property trader before founding Flexy, with more than fifty transactions behind him.
Ready to see current opportunities?
Register as a wholesale investor to receive opportunities by email as they become available. Registration does not commit you to invest.
Prefer to talk first? Call 021 294 8742 or email callum@flexy.co.nz
What situations we help with
