A New Zealand private creditor

New Zealand property, funded by the world.

We lend to mid-market property developers in New Zealand, using capital from wholesale investors around the world. That's the whole business.

Both sides
Brokered & built
Co-invest
Founders skin in the game
Wholesale
By introduction only
NZ fund
New for 2026
01 — What we do

One asset class, one country, one kind of borrower. We've kept the model small on purpose.

We lend to developers we already know.

i.

The capital comes from wholesale investors around the world.

Family offices, HNW investors and institutions in NZ, Australia, the US, Singapore and beyond. All wholesale. It sits in a NZ limited partnership, with a Cayman feeder so investors outside New Zealand can subscribe in a structure they recognise.

ii.

We deploy it only in New Zealand.

Residential, mixed-use and a bit of commercial, in Auckland, Wellington, Christchurch, Tauranga and Queenstown. We don't lend on anything we can't drive to and stand on. We've turned down deals offshore for exactly that reason.

iii.

And we lend to people we already know.

Most of our facilities are written for sponsors on their second, third or tenth project with us. New borrowers come in through someone we trust, and they go through three rounds of credit before we'll write a term sheet. It slows us down. We think it's worth it.

03 — The market

Why an investor abroad might look at New Zealand property credit right now, and why a non-bank lender is a reasonable way in.

A small market. Real demand. Banks pulling back.

~$22 b
NZ non-bank property credit
Estimated market size, up from ~$8b in 2018.
35 %+
Bank construction pullback
Estimated share of mid-market deals no longer bankable.
8–12 %
Senior secured target yield
Net to investor, depending on tranche and tenor.
3 centres
Auckland · Wellington · Queenstown
~78% of our originated book by GBV.

Market-size figures are estimates based on RBNZ non-bank lending statistics and internal analysis. Not a forecast.

Speak to the desk

Diligence works better as a conversation.

Investor conversations happen one-to-one, by introduction. Developers and brokers: send us the deal and we'll have indicative terms back to you inside 72 hours.

Auckland · HQ
Level 18, Commercial Bay, 11 Customs Street West, Auckland 1010, New Zealand
Wellington · Desk
Level 9, 22 The Terrace, Wellington 6011, New Zealand
Investor relations
investors@arxium.capital · +64 9 000 0000
Origination desk
desk@arxium.capital · +64 9 000 0001