What is Private Funding?

What are the private funders?

Private funders are often a group of individuals or individual who are looking to get a better return on their money than what the banks can offer. Because they are not a bank, they can often and do lend money to those individuals who don’t qualify for normal business or commercial loan.

What do private funders look at borrowers?

Capability to repay loan or interest of loan
Character – consistency with on-time repayment or interest payment
Collateral Рnormally residential property is being used as the security  
Credit Worthiness
Credit Scoring

What is the interest rate?

Commercial loan starts from 7%pa

What is the maximum funding?

We can go up to 65% value of the property (first mortgage)

What other costs applicable?

Generally, valuation, legal; and Application fee, a.k.a. commitment & processing fee

How Soon Can We Settle?

As soon as you wish, within a reasonable time frame (Landgate to register mortgage).Normally within one week if terms and conditions are met.

Need More Information?

Book an obligation-free appointment by calling Stan on 0411 452 394 or (08) 9450 7623 or email me on stanus@vantageinternational.com.au.