Omega Capital opens satellite office in Bay of Plenty with new key appointment
Mortgage broking house Omega Capital has launched a Bay of Plenty satellite office with the appointment of Gary Sutcliffe as a Property Finance Consultant.
The Hamilton-headquartered mortgage broking house is one of the largest companies in its industry, which focuses on commercial lending. Omega Capital services a nationwide need for finance and equity solutions for commercial, rural, and residential builder clients.
Sutcliffe has over 25 years of commercial finance experience, in roles across sales management and lending with major New Zealand finance companies, as well as being a self-employed commercial broker.
Director of Omega Capital, Scott Massey, says the company is thrilled to be growing with Sutcliffe’s appointment and the new satellite office.
“We saw a need for someone on the ground in the Bay of Plenty to service our expanding customer base in that region.
“With Gary’s appointment, our clients in the Bay will realise the benefit of working with a highly experienced financier and be able to build closer relationships than what may be possible remotely.”
Sutcliffe has a wealth of property development funding knowledge from his work on multi-unit residential developments and subdivisions in both Auckland and Queenstown.
His most recent role was as the Senior Business Manager for a large Auckland franchise car dealership, where he was responsible for running the finance and insurance operation for the business, to maximise the dealership’s profitability.
Prior to that, Sutcliffe worked as a self-employed Commercial Finance Broker, where over the years he placed and managed over $400 million of commercial development finance.
“As a broker, I cultivated strong negotiation and management skills, and held numerous consulting roles on mergers, acquisitions, trouble-shooting and fraud detection,” says Sutcliffe.
Sutcliffe is excited to be joining Omega Capital as he sees huge growth potential in the Bay of Plenty region and feels that Omega Capital is well placed to meet the needs of the local market.
The new role also means Sutcliffe can move to Mount Maunganui full-time, having had a home base there for several years whilst living and working in Auckland.
While there is much commentary about the property market following the Covid-19 lockdown, Omega Capital are finding there are plenty of property developers wishing to borrow for new projects, who are struggling with the new tight credit market.