Pacific 8 is based in Sydney and delivers private mortgage loans
to a broad selection of borrowers across the Australian Eastern seaboard. We’ve
expanded over $300 million of credit through second and first enrolled
mortgages, including caveat loans. Pacific 8 provides rapid approvals,
straightforward, streamlined practices and reasonable interest rates which are
based and assessed.
Private mortgage lenders Pacific 8 Pty Ltd possess the required knowledge and skills to help you with your financing. We specialise in a Selection of providers including:
Bridging Loan Finance
If you’re seeking to but before you market, we will help you get through the process of buying a new house while you wait for your current property to market, or if you’re constructing a new home.
First Registered Mortgage
The money will be lent to people borrowing against the security within the physical land including residential, industrial, commercial or even rural property.
The most LVR for senior debt is 75% of prices, meaning this often leads to a equity shortfall.
Caveat loans are short-term loans which use the house as collateral. A caveat loan is generally taken out between 2 weeks and 3 decades, and such funds are typically used for working capital. This loan involves a higher interest rate due to the higher risk associated with holding a caveat loan for safety rather than a first mortgage.
Secondly Registered Mortgage
Second mortgages usually refer to a secured loan (or mortgage) this is a bad to another loan, and this is against the same property, such as that represented under the first mortgage.
Private mortgages are conventionally funded from a private lender rather than a bank or lien.
With each experienced management in place, you can be assured that you will have a speedy acceptance and processing time of your loan. Private mortgage lender Pacific 8 utilizes’The Mortgage Office’ applications, that has been designed to specifically assist specialist finance providers including individuals in wholesale mortgage financing. We can utilise an integrated system that allows for an efficient expedition of trades and continuous monitoring whilst enabling capital providers and borrows monthly accounts depicting their outstanding loans. This management system enables us to offer full transparency and flexibility with borrowers payments, outstanding balances, this comprises fees and charges itemised.
To get more information about private money lenders australia check out this resource.