Endow provides funding solutions to New Zealanders. We’re proud to be able to assist fellow Kiwis in circumstances where offshore-owned trading banks will not provide the required support.
Our business model places investors and borrowers together. Enabling them to avoid the often significant costs and ensuring profits generated from the transaction generally remain in New Zealand. Opposed to being transferred to third parties, which are located offshore.
We recall on a recent application where a young couple entered into a contract to purchase a section in a subdivision with the intention of building their family home on it. They had committed a large deposit, and their total savings were in the vicinity of $200,000. Giving equity in the section of close to 50%. As a result of their decision to start a family and the need for limited paternity leave, the funding application was declined by one of the trading banks operating in New Zealand. We were able to help them avoid potentially defaulting on their purchase contract and losing their deposit by arranging sufficient funds to enable them to complete the section purchase thanks to Endow's investor support.
