Pacific 8 is based in Sydney and provides private mortgage loans into a broad selection of borrowers along the Australian Eastern seaboard. We've extended over $300 million of credit through second and first enrolled mortgages, including caveat loans. Pacific 8 provides quick approvals, straightforward, streamlined practices and reasonable interest rates that are based and evaluated.
Private mortgage lenders Pacific 8 Pty Ltd have the required knowledge and skills to help you with your finances. We specialise in a range of providers including:
Bridging Loan Finance
If you're looking to but before you market, we'll help you through the process of buying a new house while you await your present property to market, or if you're building a new home.
First Registered Mortgage
The money will be given to those borrowing against the safety over the physical land such as residential, industrial, commercial or even rural land.
Property developers often arrange the senior debt from banks and major financial institutions when organizing to finance for their own ventures. The most LVR for senior debt is 75 percent of costs, meaning this frequently contributes to a equity shortfall.
Caveat loans are short-term loans which use the property as collateral. A caveat loan is generally taken out between two weeks and 3 decades, and such funds are typically utilized for working capital. This loan entails a higher interest rate because of the higher risk associated with holding a charge loan for safety rather than a first mortgage.
Second Registered Mortgage
Second mortgages usually refer to a bonded loan (or mortgage) this is a bad to another loan, and this can be against the same property, like that represented below the first mortgage.
Private mortgages are funded from a private lender rather than a lender or lien.
With every experienced management in place, you can be assured that you'll have a speedy acceptance and processing period of your loan. Private mortgage lender Pacific 8 utilizes'The Mortgage Office' software, that has been designed to specifically help skilled finance providers including individuals in wholesale mortgage lending. We can use an integrated system which allows for an efficient expedition of trades and constant monitoring whilst enabling capital providers and borrows monthly accounts depicting their loans. This management system allows us to provide whole flexibility and transparency with creditors payments, outstanding balances, this comprises fees and charges itemised.
Contact your private mortgage lender today on 61 2 8188 1170.
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