Private Lenders – Pacific 8 Pty Ltd
Pacific 8 started in 2015 to deliver private home mortgages into a variety of borrowers over the Australian Eastern seaboard. Thus far, Pacific 8 has extended over $200 million of credit through first and second registered mortgages as well as Caveat Loans.
Pacific 8 offers quick approvals, easy and streamlined procedures and moderate interest rates 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. Included in this are:
Registered first or second mortgages
Deeds of priority
Caveats to protect against pending formal registration
Account Management using 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
Mortgage 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 property assets.
You should be aware 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 may be settled.
Interest levels are positioned by Pacific 8, having regard to factors like the prevailing market rates, the kind of loan, the from the security provided, the loan stipulations, the identity of the Borrower (including loan servicing software and credit record) and other matters that Pacific 8 may consider relevant.By having an experienced management available however, you might be assured of speedy approval and processing of one’s loan.
Private Mortgage
Pacific 8 Pty Ltd has produced its business around Private Mortgage lending and gives a variety of Private Mortgages for example 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. Should 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. If you have sufficient equity in the security we look more at the asset rather than previous issues you may of had.
To learn more about Mezzanine Finance please visit web portal: click here.