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LendCap

Guide

Can a business refinance using property security?

Yes. A New Zealand business can refinance existing facilities using property security, provided the funding is for a genuine business purpose. The application is assessed on the purpose, the borrower information, the repayment position and the proposed security before any opportunity is considered for presentation to lenders.

When refinancing is considered

Refinancing is common where a facility is expiring, where the existing structure no longer matches how the business trades, or where working capital needs to be released against property already owned.

What is assessed

Assessment covers the business purpose and how funds will be used, the business profile and trading history, financial information, ownership, the repayment or exit position, and the proposed security.

Business purpose is the threshold

Consumer mortgages and personal borrowing are outside LendCap's service. Where the purpose is not a genuine business purpose, the application will not proceed.

Terms used in this guide

Need business funding?

Tell us about the funding you are looking for and we will come back to you.

Business funding enquiry

Tell us about the funding you are looking for and we will come back to you. Please do not send financial statements or identity documents here — those belong in the secure application environment.

Fields marked are required.

A short description of the business, the security and how the loan would be repaid.

Your details are used only to respond to this enquiry and are handled under LendCap's privacy policy.

Prefer to talk it through? Call 09 873 8645.

Last reviewed: 7 September 2026

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