Private First Mortgages
Red Rock has access to unique and flexible private mortgage funds to suit a range of borrower needs and security requirements. Our Private loans can be secured against acceptable residential & commercial real estate. Private mortgage finance can be a real benefit for some borrowers and in some cases more cost effective than utilising a non-conforming lender.
By nature private loans are provided by individuals instead of financial institutions, and therefore the benefits of utilising private mortgage finance is substantial. Advantages of using private mortgages include:
- In most cases there are NO credit checks, (loans are asset based).
- No financial statements or Assets and Liabilities required in most cases.
- Minimal paperwork necessary
- Faster decisions and settlement times (no institutional delays)
- Terms from (6 months - 5 years)
- Ability to provide loans over 'specialised securities' where others cannot.
- Maximum first mortgage LVR 66% (75% with a blended second mortgage, for selected security)
Utilising private lending can ensure that no opportunity is missed. Contact Us today to see how our unique fast and flexible private mortgage solutions may be able to assist you where others are unable.
