We understand that you may have a commercial property investment on the horizon or require an urgent refinance of an expiring or unsatisfactory loan, however you may not qualify for conventional finance. Whether due to less than perfect credit, debt, or being self-employed and unable to provide proof of a steady income, our private first mortgage commercial property loans are a perfect solution.
The process is simple. Private Funding House will assess the underlying security property and structure a loan to suit your commercial property requirements. Turn your real estate security into working capital, with the help of Private Funding House.
RESIDENTIAL INVESTMENT OR OWNER-OCCUPIER MORTGAGE
Whether you are a first home-buyer or a more experienced property investor, our Private First Mortgage for a residential investment or owner-occupier property is structured to suit your needs. In addition to no hidden fees, this product provides borrowers with a hassle free private funding solution boasting the flexibility that banks and larger lenders cannot equal or match.
How does it work? As a specialist private finance facilitator, we often lend with greater reliance upon the equity in the security rather than lend against the character or credit history of the borrower (subject to an ability to repay the loan). If you have sufficient equity in your security, allow our team to facilitate funding tailored to your needs. For consumer loans, we simply require evidence of your serviceability and income. Alternatively, if your loan is for business use, serviceability is not as important, if you have sufficient equity in the security property.
Private Funding House acts much quicker than a bank or institutional lender, with verbal approval provided over the phone followed by an indicative letter of offer within 24 hours or less in most cases.
Found your dream property, and need to acquire it before you sell your existing one, or, maybe your current lender has left you waiting and settlement is fast approaching and you do not have a loan approved. This is a frequently encountered financial hurdle that can make or break an investment opportunity. That’s why Private Funding House have tailored a finance-bridging alternative.
If you require timely finance, and don’t want to wait for your current commercial property to sell, a bridging finance solution from Private Funding House is the perfect means to bridge the finance gap. This short-term loan allows you to seize an opportunity, by facilitating access to the equity in your existing property. Our settlements are fast with minimal requirements; you simply need a clear exit strategy (which is typically the sale of one of your properties).
Debt refinancing allows a lender to negotiate new terms on an existing loan with a new lender and has the potential to improve cash flow, save money, reduce interest rates and restructure repayment schedules. Private Funding House debt refinance loan options offer more flexible terms and requirements than traditional lenders.
DEVELOPMENT SITE AND CONSTRUCTION MORTGAGE
A construction loan from Private Funding House is the perfect option for those looking to secure a construction or development loan that they can draw-down in stages. In contrast to a term loan, our Private First Mortgage Development Site and Construction Loan enables borrowers to draw-down incremental loan amounts, usually in line with key construction stages or settlement of the purchase. In most cases our Borrowers are only required to pay interest on the amount that is drawn-down which converts to lower interest payments and harder working money when you need it.
SECOND MORTGAGE - COMMERCIAL
There is no limit to the number of mortgages that can be registered over the title to a security property. The loan registered first is termed the ‘first mortgage’, where as the loan or mortgage registered second is termed the ‘second mortgage’. The difference between a first mortgage and second mortgage becomes apparent should the loan go into default, whereby the first mortgagee will get paid out first. For this reason second mortgages do carry a higher risk for lenders, which translates to higher interest rates.
The good news, however, is that Private Funding House can assist in overcoming the hurdles that often accompany gaining a second mortgage. We deliver competitive rates, flexible terms and a faster turn around than our competitors, making this product the perfect alternative to those offered by banks, other so called second mortgage lenders and traditional lenders.
In most cases a second mortgage will require an agreement with the first mortgagee that regulates the priority amount or amount secured and payable under each loan. This agreement is called a ‘Deed of Priority’ or Priority Agreement. As Private Mortgage specialists, Private Funding House can facilitate the entire process from application to settlement.
If you require a timely financial solution to a time pressed problem, Private Funding House Caveat Loans are a viable and flexible solution. As one of the fastest means of getting cash out of your property and into your pocket, this product is a type of finance whereby the funds are secured by a charge (known as a caveat) on your property. Our Caveat Loans can be used for a range of purposes, including but not limited to property renovations, business development, business cash flow or business debts.
Private Funding House can promptly facilitate a Caveat Loan acting quickly and delivering competitive loan rates. Access your money within days, not months, with the help of our experienced team.