PRIVATE MORTGAGE LOANS
CALL US
0468920130
EMAIL US
privatemortgagesrvices@gmail.com
WORKING HOURS
Monday to Friday
9am to 5 pm
Investors
Investor Criteria
Preferably Investors, or Lenders as we like to call them, are required to have a minimum of
$200,000 in cash available to invest and be able to leave those funds for the term of the
loan.
We prefer to use one Lender to one loan. There have been cases where we have
amalgamated Lenders for a loan, but rarely.
Funds must be in an accessible account and be able to be transferred to a Lawyers trust
account within 7 days of final approval.
Lenders must be able to make an informed decision on their ability to participate and their
financial situation given the risks, or get professional advice.
The Lenders must use the legal firm appointed by us to handle the process of issuing
mortgage documents, performing settlement, managing correspondence with the
borrowers, handling disposals, and other tasks as required.
Investor Risk
This type of investment is as safe as most others because our lending criteria are is often
more strict than other financial institutions by limiting the lending ration to coincide with
the risks associated with the real estate markets.
The risk is also minimised by the term of the loans being short term instead of long term as
other Lenders provide.
Our loans are always based on the asset and not the Borrower. We always have an “exit
strategy” (a way for the loan to be repaid), before a loan is approved, and we must also be
sure that the property can be disposed of in a reasonable period of time if the Borrower
defaults.
We manage the disposal of the property in the event the Borrower defaults and the
property must be sold “Mortgagee in Possession”.
Property Assessment
The Borrowers are required to provide a current valuation on the property provided by a
Licensed Valuer.
As well, a Comparative Market Analysis report is prepared to show pertinent information
regarding the locality of the property, amenities for the area, growth statistics, etc., to
assess the “risk” of disposing of the property in the unfortunate event the Borrower defaults
either by way of a breach of the loan terms, or defaults in the repayments.
On occasions, a site inspection is required which is paid for by the Borrower.
Preferably Investors, or Lenders as we like to call them, are required to have a minimum of
$200,000 in cash available to invest and be able to leave those funds for the term of the
loan.
We prefer to use one Lender to one loan. There have been cases where we have
amalgamated Lenders for a loan, but rarely.
Funds must be in an accessible account and be able to be transferred to a Lawyers trust
account within 7 days of final approval.
Lenders must be able to make an informed decision on their ability to participate and their
financial situation given the risks, or get professional advice.
The Lenders must use the legal firm appointed by us to handle the process of issuing
mortgage documents, performing settlement, managing correspondence with the
borrowers, handling disposals, and other tasks as required.
Investor Risk
This type of investment is as safe as most others because our lending criteria are is often
more strict than other financial institutions by limiting the lending ration to coincide with
the risks associated with the real estate markets.
The risk is also minimised by the term of the loans being short term instead of long term as
other Lenders provide.
Our loans are always based on the asset and not the Borrower. We always have an “exit
strategy” (a way for the loan to be repaid), before a loan is approved, and we must also be
sure that the property can be disposed of in a reasonable period of time if the Borrower
defaults.
We manage the disposal of the property in the event the Borrower defaults and the
property must be sold “Mortgagee in Possession”.
Property Assessment
The Borrowers are required to provide a current valuation on the property provided by a
Licensed Valuer.
As well, a Comparative Market Analysis report is prepared to show pertinent information
regarding the locality of the property, amenities for the area, growth statistics, etc., to
assess the “risk” of disposing of the property in the unfortunate event the Borrower defaults
either by way of a breach of the loan terms, or defaults in the repayments.
On occasions, a site inspection is required which is paid for by the Borrower.
CONTACTS
T: 0468920130
privatemortgagesrvices@gmail.com
ADDRESS
Suite 12, 41 - 43 Commercial road
Murwillumbah
NSW
2484
INFO
ABOUT US
With over 40 years of Finance experience and 30 years of Real Estate experience, our organisation is well placed to provide a safe investment environment for your money.
