Private Mortgage Lenders – Pacific 8 Pty Ltd
Pacific 8 started in 2015 to supply private mortgage loans to some range of borrowers throughout 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, simple and streamlined procedures and moderate interest rates which are based and assessed on risk.
Pacific 8 currently operates under an AFSL (Australia Financial Services License) and is also controlled with a RM (Responsible Manager).
We operate under an Australian Financial Service Licence No. 480508.
Lending Standards
Conservative lending standards have been adopted by Pacific 8 to reduce systematic risk. Such as:
Registered first as well as second mortgages
Deeds of priority
Caveats to shield against pending formal registration
Account Management together with 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
Home 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 assets.
It is very important 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 that loan might be settled.
Interest levels are positioned by Pacific 8, having regard to factors including the prevailing market rates, the loan, the character in the security provided, the loan stipulations, the identity from the Borrower (including loan servicing and credit score) and also other matters that Pacific 8 may consider relevant.By having an experienced management set up however, you’re assured of speedy approval and processing of your loan.
Private Mortgage
Pacific 8 Pty Ltd has built its business around Private Mortgage lending and gives a selection of Private Mortgages like First Ranking Mortgages, Second Ranking Mortgages, unregistered and also Caveat Loans.
A personal Mortgage is traditionally funded from a private lender as opposed to a bank or non-bank lender. In case your lender has declined to proceed, or doesn’t possess the turnaround times suitable Pacific 8 Pty Ltd might be able to offer you a “Private Mortgage”.
When assessing a “Private Mortgage” application we primarily consider the underlying asset being property. If you find sufficient equity inside the security we glance more with the asset instead of the previous issues the borrower may of had.
More information about Second Registered Mortgage please visit website: learn here.
