Funding Solutions
Cover the Shortfall When Your New First Lender Won't Fund the Full Amount
A second facility, advanced alongside your new first mortgage, on settlement day
You're refinancing to a new first lender, but they've offered less than you need to clear the old one. Flexy can advance a second facility at the same time as your new first mortgage settles, to cover the gap, so the refinance goes through without you having to find the difference yourself.
Up to $150,000
Offers within 24 hours
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How Flexy helps
We advance a second facility against the equity you already hold as a company or trust, timed to settle alongside your new first mortgage. Because we assess the shortfall and the new lending structure directly, we can usually move at the pace a settlement date requires.
Your repayment plan is confirmed as part of the application, based on how the underlying assets are held or expected to be repaid.
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Which Flexy loan is right for you?
Both loans release the equity in your property. The difference is how you repay. Pick the one that matches your cash flow and your exit.
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
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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.
How Flexy lending works
01
Apply online in minutes
Provide your property address, the amount you need, the purpose of the funds and your repayment plan.
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 the offer, complete the remaining requirements through your online portal, and Flexy arranges settlement. Caveat loans can fund within days. Repeat clients can be funded same day.
Related purposes
Read about the other purposes Flexy can fund, and find the right option for your situation. Flexy offers two pathways, depending on your exit strategy: a short-term loan with a lump-sum repayment, or a 2-year option you repay gradually as you go.
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.
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.
Frequently asked questions
Can Flexy advance funds at the same time as my new first mortgage settles?
Does this work for refinancing a portfolio, not just a single property?
Does the new first lender need to be involved in arranging this?
Does my existing bank need to know about this facility?
What happens if the settlement date shifts?
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.
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Is this your situation?
You're refinancing to a new first lender, but they've offered less than you need to repay the old one
You're refinancing residual stock or a portfolio to a longer-term, lower-rate lender
You're splitting a portfolio across lenders, and one pool is short of what's needed to hold the assets it's taking on
You need a second facility advanced on the same day as the new first mortgage settles
You'd rather not delay the refinance waiting to find the shortfall another way
If any of these sound familiar, we can usually give you an answer within 24 hours.
What situations we help with
