FREQUENTLY
ASKED QUESTIONS
Investment Eligibility and Requirements
What is a wholesale investor?
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A wholesale investor is a person or company that has an understanding of the financial markets, has invested in similar investments before, and meets the legal criteria of what is considered a wholesale investor The purpose of requiring investors to be classified as wholesale investors is to ensure that they are investing with sufficient knowledge and experience to understand the risks associated with this type of investment.
What happens if I want to exit my investment before the loan maturity date?​
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FinX investments are generally illiquid fixed term investments. If you wish to exit your investment before the loan maturity date, we will work with you to manage the process. We can arrange to facilitate an early exit from the loan by substituting it in part or as a whole to another wholesale investor. However, it is important to note that there may be costs associated with this and that it may not always be possible to organise another investor to replace your position in the investment.
Investment Process and Control
Do I have control over which property my funds are lent against?
Yes. FinX gives clients the power to choose which property their funds are lent against. Full disclosure of information relating to each prospective investment and then you can make an informed decision on whether it is suitable for your portfolio or not.
Do I have control over which property my funds are lent against?
​You are investing in a first mortgage secured loan against New Zealand real estate. The loan is an asset-backed investment, which means that the invested funds are secured with a first ranking mortgage over the property used as security. Investors receive interest payments on their capital at regular intervals or as agreed upon by FinX and the investor prior to making the investment.
What type of borrowers are these funds being lent to?
FinX lends funds to companies, trusts and individuals with experience in dealing with real estate. We also lend funds to developers for the purpose of bridging or refurbishing existing properties. We carefully assess each borrower’s asset and loan requirements before any loan is approved, As a loan match partner we adhere to the strictest standards.
How does FinX make money?
FinX makes money by charging a loan origination fee to the borrower. We are also an active investor on every loan we offer to investors by way of our Loan Match Partnership where we contribute 20% of the agreed loan offering, loan fees are only applied to the borrower , depending on the type of loan structure. This covers all legal costs associated with setting up the loan agreement and managing the borrower / loan throughout the loan cycle.
Are there any costs or fees involved?
FinX does not charge investors any fees to use our services. FinX charges an origination fee and ongoing service fees to the borrower. Additionally, borrowers are also required to pay a one-off establishment fee that covers all legal costs associated with setting up the loan agreement. We will fully disclose our fees before any transaction is made so there are no hidden surprises.