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Pacific 8

Pacific 8 is based in Sydney and delivers private mortgage loans to a broad range of borrowers along the Australian Eastern seaboard. We have extended over $300 million of credit through second and first enrolled mortgages, such as caveat loans. Pacific 8 provides quick approvals, straightforward, compact practices and reasonable interest rates that are based and evaluated.
Private mortgage lenders Pacific 8 Pty Ltd have the required knowledge and expertise that will help you with your financing. We specialise in a Selection of providers such as:
Bridging Loan Finance
If you are seeking to but before you market, we will help you through the process of purchasing a new home while you wait for your current property to market, or if you're constructing a new property.
First Registered Mortgage
The money will be given to those borrowing against the safety within the physical land including residential, industrial, commercial or even rural property.
Mezzanine Finance
Property developers frequently arrange the senior debt from banks and major financial institutions when arranging to fund their ventures. The maximum LVR for senior debt is 75% of costs, meaning this often contributes to a equity shortfall.

Caveat Loan
Caveat loans are short-term loans which use the property as collateral. A caveat loan is usually taken out between two weeks and 3 years, and these funds are usually utilized for working capital. This loan involves a higher interest rate due to the greater risk associated with holding a charge loan for safety as opposed to a first registered mortgage.
Secondly Registered Mortgage
Second mortgages usually refer to a secured loan (or mortgage) that is a subordinate to another loan, which is contrary to the exact same property, such as that represented below the first mortgage.
Private Mortgage
Private mortgages are funded from a private creditor rather than a bank or lien.
With each experienced management in place, you may be reassured that you will have a speedy acceptance and processing period of your loan. Private mortgage lender Pacific 8 uses'The Mortgage Office' applications, that has been developed to specifically help skilled finance providers including individuals in wholesale mortgage financing. We can use an integrated system that allows for an efficient expedition of trades and constant monitoring whilst enabling capital providers and borrows monthly reports depicting their outstanding loans. This management system allows us to offer whole flexibility and transparency with borrowers payments, outstanding accounts, this comprises fees and charges itemised.

To read more about private mortgage go to our new webpage.