Non-bank lenders get behind Williams Corporation

Williams Corporation's Matthew Horncastle said the best scenario would be to be self-funding. (Image: NZME/Alex Burton)

Wed, 21 Sep 2022

Additional reporting by Murray JonesOne of NZ’s biggest residential home builders – Williams Corporation – has cut deals with outside, non-bank lenders to fund its property development projects, records show.The company, founded by friends Matthew Horncastle and Blair Chappell, had 67 projects at the start of this year, totalling 1,139 dwellings on its books, valued at $245 million by construction research firm Pacifecon.The developer also had its own finance arm, Williams Corporation Capital Partnership LP, and raised money t...

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