Pacific 8 is based in Sydney and provides private mortgage loans to a broad range of borrowers across the Australian Eastern seaboard. We’ve extended over $300 million of charge through second and first registered mortgages, including caveat loans. Pacific 8 provides quick approvals, uncomplicated, compact practices and reasonable interest rates that are based and assessed.
Private mortgage lenders Pacific 8 Pty Ltd have the required knowledge and expertise to help you with your financing. We specialise in a range of services such as:
Bridging Loan Finance
If you are looking to however before you market, we’ll help you get through the process of purchasing a new home while you wait for your present property to market, or whether you’re constructing a new home.
First Registered Mortgage
The money will be given to people borrowing against the security over the physical land such as residential, industrial, commercial or even rural property.
Mezzanine Finance
Property developers frequently arrange the senior debt from banks and major financial institutions when arranging to finance for their own ventures. The maximum LVR for senior debt is 75% of costs, meaning this frequently leads to a equity shortfall.
Caveat Loan
Caveat loans are short-term loans which use the house as collateral. A caveat loan is generally performed between two weeks and 3 years, and such funds are typically used for working capital. This loan entails a higher interest rate because of the higher risk associated with holding a caveat loan for security rather than a first registered mortgage.
Second Registered Mortgage
Second mortgages typically refer to some bonded loan (or mortgage) this is a subordinate to another loan, and this can be contrary to precisely the same property, such as that represented below the first mortgage.
Private Mortgage
Private mortgages are funded from a private creditor instead of a bank or non-bank lender.
With every experienced management in place, you may be assured that you’ll have a quick acceptance and processing time of your loan. Private mortgage lender Pacific 8 uses’The Mortgage Office’ applications, which has been developed to specifically assist specialist finance providers including people in wholesale mortgage lending. We can utilise an integrated system which permits an efficient expedition of trades and constant monitoring whilst allowing capital suppliers and borrows monthly reports depicting their loans. This management system enables us to offer whole flexibility and transparency with creditors payments, outstanding accounts, this comprises fees and charges itemised.
Pacific 8 Pty Ltd is here to help you and your financial demands.
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