Pacific 8 is established in Sydney and provides private mortgage loans into a wide range of borrowers across the Australian Eastern seaboard. We've extended over $300 million of credit through first and second registered mortgages, such as caveat loans. Pacific 8 provides rapid approvals, uncomplicated, streamlined practices and reasonable interest rates that are based and evaluated.
Private mortgage lenders Pacific 8 Pty Ltd possess the essential knowledge and skills to help you with your financing. We specialise in a Selection of providers such as:
Bridging Loan Finance
If you are seeking to however before you sell, we will help you through the process of buying a new home while you await your present property to sell, or whether you're building a new property.
First Registered Mortgage
The money will be lent to people borrowing against the safety within the physical property such as residential, industrial, commercial or even rural land.
Property developers often organize the senior debt from banks and major financial institutions when organizing to fund for their ventures. The most LVR for senior debt is 75% of costs, meaning this frequently contributes to a equity shortfall.
Caveat loans are short-term loans that use the property as collateral. A caveat loan is generally performed between 2 weeks and 3 decades, and such funds are usually utilized for working capital. This loan entails a higher interest rate because of the higher risk associated with holding a charge loan for security as opposed to a first registered mortgage.
Second Registered Mortgage
Second mortgages usually refer to some secured loan (or mortgage) that is a bad to another loan, and this can be contrary to precisely the same property, such as that represented below the first mortgage.
Private mortgages are conventionally funded from a private creditor rather than a lender or lien. Your private mortgage lender Pacific 8 can help you with your private mortgage.
With each experienced management in place, you may be reassured that you will have a speedy acceptance and processing time of your loan. Private mortgage lender Pacific 8 uses'The Mortgage Office' applications, that has been designed to specifically assist specialist finance providers including people in wholesale mortgage financing. We can use an integrated system which allows for an efficient expedition of trades and constant monitoring whilst enabling capital suppliers and borrows monthly accounts depicting their outstanding loans. This management system allows us to offer whole transparency and flexibility with creditors payments, outstanding balances, this includes fees and charges itemised.
Contact your private mortgage lender now on 61 2 8188 1170.
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