Donors…We have a pressing need to discuss!

Having been privileged to have enjoyed a very generous 3 year interest free $2.5 million mortgage from the Murray Family Trust, used to purchase the land and buildings, the McLean’s Mansion Charitable Trust [‘MMCT’] must now urgently refinance this mortgage which falls due on 7 August 2021.

Associated with this mortgage is the fact that it entails 4 private guarantors presently, and the Trust itself, to repay the debt personally on the due date unless refinanced.  Failure to refinance in the first instance will incur a 10% interest from 8 August. 

 

By way of explanation and background, the guarantees were sought by the Murray Family Trust in return for allowing the McLean’s Mansion Charitable Trust to agree to the signing of a Christchurch City Council Heritage Covenant.  That Covenant was a non-negotiable pre-requisite to the uplifting by the MMCT of the $1.934 million Landmark Heritage Grant offered by the City, and thus to commence restoration of the Mansion and protect it from what then was imminent total destruction by the vandalism at that time.  

Thus, our sole donor focus presently is the refinancing of the mortgage, in tandem with any effort that can be also arranged to receive donations that might reduce the principal amount from the present $2.5 million.  Can you help to that end?  Please note also that, as a charitable trust,  NO grants are available to allow repayment of mortgage debt on the Mansion.

The McLean’s Mansion Charitable Trust is preparing the requisite commercial documents to then approach possible new mortgagors, including those of a philanthropic nature, and would welcome approaches from financing bodies that might be prepared to assist.  The refinancing period would ideally be up to 2 years so as to allow the MMCT time to complete the building and install tenants to generate a suitable cashflow.  The said documentation will be produced to such bodies upon request.

Make a Donation

Bank Account Details

Name: McLean's Mansion Charitable Trust Board

Kiwibank account: 38 9019 0689849 00

Please include your name in the bank transfer details.

Please note that donations are tax deductible (NZ residents only).  If you require a receipt, please complete the form here

For donations from overseas, please see the information here.

Donation, Refinance, or Sponsorship Enquiry

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Tax Deductible Receipt Information

If you wish to donate to this very worthwhile project and require a receipt for tax deductibility purposes (NZ residents only), please complete the form below and use the account details below to make your donation.  Please include the amount donated in your message.

If you have a query regarding a donation or sponsorship, please go here

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If you do not require a tax receipt, please see the bank details here:

Bank Account details

Name: McLean's Mansion Charitable Trust Board

Kiwibank account: 38 9019 0689849 00

Please include your name in the bank transfer details.

For donations from overseas, please see the information here.

 

 

We thank you most sincerely for your support of this exciting project.

 

McLean's Mansion can only be saved by the generous support of those such as yourselves.

 

THANK YOU! 

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