Private Lenders in Australia are non bank sources of financing that offer flexible terms and faster access to funds compared to traditional banks.
Speed - They can often provide quicker approvals and access to funds compared to the more drawn out processes of bank lenders. Alternative Funding - Private lending is a viable option for those who may not qualify for traditional bank loans or need funding that doesnt fit traditional lending criteria. Collateral Security - Private loans are often secured by real estate or land.
Types of Private loans available -
Business Loans which can be used for various business needs including working capital, property purchases and expansion.
Property loans which include first mortgages, second mortgages and caveat loans secured against real estate.
Bridging or Bridge loans which can be used to bridge the gap between the sale and purchase of properties or during a development project.
Who might use Private Lenders ?
Businesses facing challenges with traditional bank finance. Businesses seeking quick funding or tailored loan solutions or that have been rejected by banks. A property developer needing funding for a project.
