Private Mortgage brokers – Pacific 8 Pty Ltd
Pacific 8 was established in 2015 to provide private home loans to some variety of borrowers through the Australian Eastern seaboard. Currently, Pacific 8 has extended over $200 million of credit through third and fourth registered mortgages as well as Caveat Loans.
Pacific 8 offers quick approvals, easy and streamlined procedures and moderate rates which might be based and assessed on risk.
Pacific 8 currently operates under an AFSL (Australia Financial Services License) which is controlled by the 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. Included in this are:
Registered first and or second mortgages
Deeds of priority
Caveats to guard against pending formal registration
Account Management using 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 mortgages and Management
Pacific 8 will think about 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 property assets.
It is important to observe that all loans are assessed by Pacific 8 internal credit committee and many types of documentation is verified by our lawyers and vetted by our responsible manager before financing can be settled.
Interest rates are positioned by Pacific 8, having regard to factors including the prevailing market rates, the kind of loan, the nature of the security provided, the money terms and conditions, the identity from the Borrower (including loan servicing and credit record) as well as other matters that Pacific 8 may consider relevant.With the experienced management set up however, you might be assured of speedy approval and processing of one’s loan.
Private Mortgage
Pacific 8 Pty Ltd has built its business around Private Mortgage lending and provide an array of Private Mortgages like First Ranking Mortgages, Second Ranking Mortgages, unregistered as well as Caveat Loans.
An individual Mortgage is traditionally funded from the private lender rather than bank or non-bank lender. In case your lender has declined to proceed, or doesn’t contain the turnaround times suitable Pacific 8 Pty Ltd may be able to will give you a “Private Mortgage”.
When assessing a “Private Mortgage” application we primarily glance at the underlying asset being real property. If there is sufficient equity from the security we glance more in the asset rather than previous issues the borrower may of had.
Check out about Caveat Loans please visit web portal: read more.
