Private Mortgage brokers – Pacific 8 Pty Ltd
Pacific 8 was established in 2015 to deliver private home mortgages with a array of borrowers across the Australian Eastern seaboard. Up to now, Pacific 8 has extended over $200 million of credit through third and fourth registered mortgages and also Caveat Loans.

Pacific 8 offers quick approvals, straight forward and streamlined procedures and moderate rates which are based and assessed on risk.

Pacific 8 currently operates under an AFSL (Australia Financial Services License) and is controlled by way of a RM (Responsible Manager).

We operate under an Australian Financial Service Licence No. 480508.

Lending Standards
Conservative lending standards are already adopted by Pacific 8 to cut back systematic risk. Such as:

Registered first or second mortgages
Deeds of priority
Caveats to guard against pending formal registration
Account Management with all the Mortgage Office™ Software
Experienced Management Team
Controlled by an ASIC approved Responsible Manager
Maximum Loan to Value Ratio of 75%
Personal Property Security Register (PPSR)
No consumer lending
Personal & Corporate Guarantees
ASIC Compliant
Mortgage Loans and Management
Pacific 8 will look at the following: 1st registered mortgages, 2nd registered and unregistered mortgages, Caveat loans, mezzanine finance and Equity loans – all being secured over residential, commercial, retail and/or industrial real estate property assets.

You will need to remember that all loans are assessed by Pacific 8 internal credit committee and all sorts of documentation is verified by our lawyers and vetted by our responsible manager before credit might be settled.

Interest rates are placed by Pacific 8, having regard to factors for example the prevailing market rates, the type of loan, the nature in the security provided, the loan stipulations, the identity with the Borrower (including loan servicing and personal credit record) as well as other matters that Pacific 8 may consider relevant.By having an experienced management in place however, you’re assured of speedy approval and processing of your loan.
Private Mortgage
Pacific 8 Pty Ltd has generated its business around Private Mortgage lending and give an array of Private Mortgages including First Ranking Mortgages, Second Ranking Mortgages, unregistered as well as Caveat Loans.

A personal Mortgage is traditionally funded from a private lender rather than bank or non-bank lender. Should your bank or lender has declined to proceed, or doesn’t possess the turnaround times suitable Pacific 8 Pty Ltd could possibly will give you a “Private Mortgage”.

When assessing a “Private Mortgage” application we primarily consider the underlying asset being real property. If there is sufficient equity inside the security we glance more on the asset rather than previous issues the borrower may of had.

For additional information about Caveat Loans please visit internet page: click to read more.