Private Mortgage brokers – Pacific 8 Pty Ltd
Pacific 8 was established in 2015 to provide private mortgage loans into a selection 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 along with Caveat Loans.
Pacific 8 offers quick approvals, easy and streamlined procedures and moderate rates of interest that are based and assessed on risk.
Pacific 8 currently operates under an AFSL (Australia Financial Services License) and is also controlled by 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 cut back systematic risk. Such as:
Registered first as well as second mortgages
Deeds of priority
Caveats to safeguard against pending formal registration
Account Management together with the Mortgage Office™ Software
Experienced Management Team
Controlled by an ASIC approved Responsible Manager
Maximum Ltv 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 real estate property assets.
You will need to note that all loans are assessed by Pacific 8 internal credit committee and documentation is verified by our lawyers and vetted by our responsible manager before financing could be settled.
Interest levels are placed by Pacific 8, having regard to factors including the prevailing market rates, the loan, the type with the security provided, the credit stipulations, the identity with the Borrower (including loan servicing software and credit history) as well as other matters that Pacific 8 may consider relevant.By having an experienced management available however, you’re assured of speedy approval and processing of the loan.
Private Mortgage
Pacific 8 Pty Ltd has built its business around Private Mortgage lending and give a selection of Private Mortgages like First Ranking Mortgages, Second Ranking Mortgages, unregistered in addition to Caveat Loans.
A Private Mortgage is traditionally funded from a private lender rather than a bank or non-bank lender. In case your lender has declined to proceed, or doesn’t hold the turnaround times suitable Pacific 8 Pty Ltd just might will give you “Private Mortgage”.
When assessing a “Private Mortgage” application we primarily go through the underlying asset being real estate. When there is sufficient equity in the security we look more on the asset instead of the previous issues you may of had.
More details about Mezzanine Finance go to this web site.