NZF Group says the value of its half share in MPMH is $2.76 million.
It commissioned the valuation by Simmons Corporate Finance as part of a sales process that NZF entered with Liberty Financial, its joint venture partner in MPMH.
The proposed sale at this valuation requires shareholder approval, though no date has been set for a meeting as yet.
NZF will also be repaid a shareholder loan of $397,000.
MPMH is the parent company of Mike Pero Mortgages and 50% owner of Mike Pero Real Estate.