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Private lending is secured lending, and they are often referred to as 'asset lenders'.
Residential, commercial and land assets can be used as security.
We can help lend against property in metro and non metro postcodes.
Every asset attracts different leverage. Private Lenders can go up to 70%, and sometimes 75% for residential metro first mortgage security.
Second mortgages usually go up to 65% leverage, but for defined exits and metro security, a higher leverage is possible.
Private Lenders do not verify income. This increases the lenders risk, and as a result, private loans are more expensive than bank loans. Interest rates start at 1% above non-bank interest rates.
Private funding can often be completed in a matter of days.
