Private Loans
A Private Loan can be extremely helpful for you, here is a selection of some of the common scenarios:
- You need settlement, or the funds, in a hurry
- Your financials are not ready
- You know the bank will give you a hard time about a new loan
- You need funds for a short term only
- You have a blemish on your credit file
Eligibility criteria
- Must have an ABN & GST registered
- Must have property for security
- Must be predominantly for business or investment purposes
- Must have a sound Exit Strategy (how you intend to pay the loan back!)
Features of Private Loans
- First or second mortgage acceptable
- Residential property, commercial property, vacant land, industrial property all acceptable
- Bridging available
- Purchase of property
- Refinance existing debts
- Business cash flow
- Cash out
- Development funding
- Construction funding
- Loan terms 1 month to 24 months
- No repayments required – the interest and fees are capitalised
- Minimum loan $200,000
- No Valuation required (to approved applicants)
- Fast approvals and settlement