Cressida Capital

Name

Cressida Capital

Legal name

Cressida Capital One limited

Website

https://cressida.co.nz

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Non-Bank Property Finance

NAICS

Real Estate Credit (522292), Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

Balance-Sheet / Portfolio CRE Lending (FSALADAG)

akta.pro secondary industries

CRE Bridge & Transitional Lending (FSALADAC), SME Commercial Real Estate (CRE) Lending (FSABABAG), Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Non-bank property finance
• Development construction lending
• Bridging finance solutions
• Commercial property loans
• Residential mortgage lending

Headquarters

HQ city

Newmarket, Auckland

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Interest Income: Primary revenue stream from interest charged on property loans. Interest is calculated daily (annual rate divided by 365) and charged monthly. Rates are floating and may be adjusted with reasonable regard to funding costs. Can be paid monthly, part-paid/part-capitalised, or 100% capitalised.
2. Finance Fees: Initial finance fee nominated in letter of offer, typically in two stages: part payment on acceptance, balance on settlement. Normally 1-2% of loan amount. Also includes overdue facility fees of 1-2% for facilities past repayment date.
3. Line Fees: Monthly line fees charged on loan facilities, typically 0.25% per month for construction loans.
4. Monthly Account Fees: $25 per calendar month applies to all loan facilities.
5. Setup Costs: Investigation, assessment and inspection costs typically ranging between $250 and $600.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Cressida Capital is a non-bank property financier providing flexible first-mortgage lending to property developers and investors across New Zealand. Its core offerings span Development & Construction Finance, Residential First Mortgages, Commercial Property Finance, Bridging Finance, Equity Release, and Sell-Down Facilities, typically structured at up to 70–75% LVR with terms of 3–36 months and minimal conditions (no registered valuations, quantity surveyors, or pre-sales in most cases). The company differentiates through same-day credit-approved offers, 48-hour settlements, an in-house legal team, and capitalised interest options that operate outside the CCCFA consumer lending regime.

Product overview

Cressida Capital offers a suite of non-bank property finance products designed for developers and investors. The core product portfolio includes Development & Construction Finance for residential and commercial construction projects (with a promotional Spring Special offering rates from 5.95% pa), Residential First Mortgages (up to $10m), Commercial Property Finance (up to $20m), Bridging Finance (from 3-month terms), Equity Release facilities, and Sell-Down Facilities. These products share common features including flexible terms (3-36 months), LVR flexibility (up to 70-75%), no requirement for registered valuations or quantity surveyors in most cases, and optional interest capitalisation. The company operates as a commercial lender outside CCCFA regulations.

Differentiator

Problem solved

Functional benefit

Products and services

• Development & Construction Finance First mortgage funding for property development and construction projects including residential single and multi-unit projects, commercial construction, major refurbishments, and structural/earthquake strengthening. Typically does not require registered valuation, quantity surveyor, or project pre-sales. Interest from 6.50% p.a., LVR up to 70%, establishment fee from 2.00%, line fee from 25 bps. Available for property developers and investors.
• Residential Property Finance Flexible residential first mortgage lending tailored to client needs where traditional lenders fall short. Facilities up to $10.0m, interest rates from 6.95%, LVR up to 75%, terms between 3 and 36 months. Finance fee from 1.5% (excluding brokerage commission). For property investors and developers seeking fast-track funding.
• Commercial Property Finance Bespoke lending solutions for commercial and industrial properties whether vacant, leased, or owner-occupied. Facilities up to $20.0m, terms up to 36 months, with no strict WALT, NBS, or lease thresholds and valuation often not required. Interest can be capitalised, part-capitalised, or monthly.
• Bridging Finance Short-term funding solution for situations where time is critical, such as buying a new property before an existing one is sold or while waiting for bank funding confirmation. Loan terms from 3 months, interest often capitalised, urgent settlements supported. No financials typically required.
• Equity Release Solution to unlock equity in existing property assets to fund new projects, acquire properties, purchase businesses, or boost working capital. Offers immediate engagement, capitalised interest options, flexible repayment terms, and a tailored finance package.
• Sell-Down Facility Refinancing solution allowing developers time to market and sell completed stock without construction finance costs, with provision for partial settlements and GST obligations. Typically 6–12 months with LVRs up to 75%.

Quantifiable outcome

• Same-day credit approved loan offers
• +6 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered community.

• Staples Education FoundationcommunityStrategic or Co-development PartnerTertiary scholarship programme established in 2015 by Haydn Staples, based in Cressida's Newmarket offices. Has provided scholarships to over 100 academically talented students from Dilworth School and McAuley High School. Cressida provides financial support, work experience opportunities, and team members serve as mentors. Foundation objectives: achieve tertiary degree, secure employment, give back to community.
• Special Children's Christmas PartycommunityStrategic or Co-development PartnerAnnual charity event bringing joy to thousands of deserving Kiwi children. Cressida Capital has supported this event multiple years (2025 sponsorship mentioned). Event relies on generosity of sponsors and supporters.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Liberty Financial: Liberty Financial is an Australia- and NZ-focused non-bank lender offering residential mortgages, asset finance, and development funding. Comparable to Cressida in non-bank property finance across the Australasian market.
• Avanti Finance: Avanti Finance is a New Zealand non-bank lender providing property and asset finance, including first mortgages and development funding. It directly competes with Cressida in specialist property finance for developers and investors.
• Pepper Money: Pepper Money is an Australasian non-bank specialist lender providing residential mortgages and asset finance to non-bank customers. Similar in serving bank-declined borrowers with flexible property lending products.
• Basecorp Finance: Basecorp Finance is a NZ non-bank property lender focused on residential and small commercial property loans, including first mortgages and bridging finance. Directly comparable to Cressida in non-bank owner-occupier and investor property lending.
• Resimac New Zealand: Resimac NZ is a non-bank mortgage lender offering residential and investment property loans across New Zealand. It directly competes with Cressida in non-bank property finance, particularly for borrowers declined by major banks.
• First Mortgage Trust: First Mortgage Trust is a NZ non-bank lender providing first mortgage loans, particularly for borrowers with non-standard income or property profiles. Closely comparable to Cressida's residential property finance offering.

Regional players

• Prospa: Prospa is an Australia-focused online small business lender providing loans and finance to SMEs. While Australia-focused and more SMB/working-capital oriented, it is adjacent to Cressida as a non-bank lender using senior decision-makers and fast turnaround to serve underbanked borrowers.

Broad incumbents

• SBS Bank: SBS Bank is a NZ mutual bank offering residential and commercial property loans. As a deposit-funded lender, it competes with Cressida in NZ property finance and represents the bank side of the 'bank decline' opportunity Cressida targets.
• Kiwibank (Property Finance): Kiwibank is a New Zealand state-owned bank offering residential and commercial property lending. While broader than Cressida, it competes at the margin for residential property finance and sets the conventional bank baseline that Cressida differentiates against.
• Heartland Group Holdings: Heartland Group is a listed NZ non-bank financial services group offering reverse mortgages, asset finance, and small business lending. Comparable to Cressida as a non-bank NZ lender, though broader in product scope and larger in scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cressida-capital-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cressida Capital