Private lenders in Australia offer an alternative to traditional banks for securing loans. Some of the key characteristics of private lenders include --
Speed and Flexibility - faster settlements.
Alternative Financing Options for borrowers who may not qualify for bank loans.
Secured property loans and Unsecured Business Loans are both available through private lenders.
Asset Lending - many private lenders are asset lenders.
The types of Private Loans include --
First and Second Mortgages which are loans secured against property assets.
Caveat Loans which involve a type of legal notice lodged on a property which provides security for the lender.
Unsecured Business Loans which are more focussed on the business revenue and strength.
Property Development loans especially when traditional banks may hav more unrealistic requirements.
Why Choose a Private Lender?
The reasons you would use a private lender would be for Speed and fast settlements, Flexibility and tailored solutions and faster settlements.
