Construction finance company gets new facility

Vincent specialises in funding for builders and developers, has established a senior warehouse funding facility with Goldman Sachs. This facility provides for up to $300 million for residential construction lending, underscoring the appeal of New Zealand's property market on the global stage.

Since its inception in 2017, Vincent Capital has lent more than $2 billion, with the company supporting the construction of new homes, terraces, apartments, and subdivisions largely in Auckland, Christchurch and Waikato.

This new facility with Goldman Sachs represents a significant milestone in Vincent Capital’s ongoing commitment to providing property developers and builders with the financial resources necessary to meet the country's growing housing needs and supporting the sector to continue to build through challenging market conditions as seen currently.

Vincent Capital chief financial officer Eoin O’Grady said: "We are incredibly excited to have Goldman Sachs involved, a global leader in finance. This facility will significantly bolster our ability to finance development projects throughout New Zealand.