Pacific 8
Pacific 8 is established in Sydney and provides private mortgage loans into a wide range of borrowers across the Australian Eastern seaboard. We have extended over $300 million of credit through second and first enrolled mortgages, including caveat loans. Pacific 8 provides quick approvals, uncomplicated, streamlined practices and reasonable rates of interest which are based and evaluated.
Private mortgage lenders Pacific 8 Pty Ltd possess the essential knowledge and expertise to help you with your finances. We specialise in a range of providers including:
Bridging Loan Finance
If you are seeking to however before you market, we'll help you through the process of buying a new home while you await your current property to sell, or if you're building a new property.
First Registered Mortgage
The money will be lent to those borrowing against the security within the physical land such as residential, industrial, commercial or even rural property.
Mezzanine Finance
The most LVR for senior debt is 75% of costs, meaning this often leads to an equity shortfall.
Caveat Loan
Caveat loans are short-term loans that use the property as security. A caveat loan is usually performed between 2 weeks and 3 years, and such funds are usually used for working capital. This loan entails a higher interest rate because of the greater risk associated with holding a charge loan for safety rather than a first mortgage.
Secondly Registered Mortgage
Second mortgages typically refer to a secured loan (or mortgage) this is a bad to another loan, and this can be contrary to the same property, like that represented below the mortgage.
Private Mortgage
Private mortgages are funded from a private creditor rather than a bank or non-bank lender. Your private mortgage lender Pacific 8 can assist you with your private mortgage.
With every experienced management in place, you can be reassured that you will have a speedy acceptance and processing time of your loan. Private mortgage lender Pacific 8 uses'The Mortgage Office' software, which has been designed to specifically assist specialist finance providers including individuals in wholesale mortgage financing. We can utilise an integrated system which allows for an efficient expedition of trades and constant monitoring whilst enabling capital suppliers and borrows monthly reports depicting their loans. This management system enables us to offer full transparency and flexibility with borrowers payments, outstanding accounts, this comprises fees and charges itemised.
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