Private lending is an alternative to mainstream bank lending where borrowers can access loans direct from a Private Fund or other Lending entity, backed by private investors and not wholesale money markets.
The benefits of borrowing from a private lender really depend on the lender. At Australian Securities, borrowers benefit from competitive rates and loans tailored to specific lending requirements that most banks cannot provide.
No. Australian Securities does not pay commissions, preferring a completely transparent customer lending service. Brokers can negotiate fees directly with their clients, and Australian Securities will pay the Brokerage Fee via the Finance Fee facility each month from their client’s repayments.
Australian Securities lends to individuals, partnerships, companies,rustees, SMSFs. Our typical clients include professionals, property investors, small businesses, builders and developers, and SMSFs.
We use a certified independent valuation agent to value the security for each loan.
Yes. Interest prepayment will depend on the loan type and exit strategy. A borrower can also service the ‘monthly in arrears’ interest from their own cash flow resources.
Yes, you can select a number of repayment options to discharge or partially discharge with no ‘early break costs’ (penalty) if the repayment option is chosen during your application.
We will immediately indicate whether we can meet your lending requirements—conditional approval is given within 24 hours. Our usual time frame to turn around from application to settlement is 10 days, subject to a valuation, Quantity Surveyor and all information being readily available by the borrower.
If you are experiencing difficulties or can foresee repayment issues, you should contact Australian Securities immediately before you default. If contact is made in good time, we may be able to remedy the situation. If you are experiencing financial difficulty, please contact AUstralian Securities on 1300 275 275 for assistance.
Borrowers do not need to worry about a credit squeeze when they borrow from Australian Securities, as finance is provided privately by Australians and not wholesale money markets.
Yes. If pre-approved with the borrower, options to roll over on the due dates are possible.