Private Lending Melbourne
Transparent. Ethical. Secure.IBN Private Mortgage Funding are THE experts in Melbourne private lending. We are your go-to for asset-backed mortgages and have offices in Melbourne, Brisbane, Sydney, and the Sunshine Coast and Gold Coast.
We specialise in asset loans and deal with direct customers, mortgage brokers, accountants and real estate agents; to fund capital for commercial, short-term, development, and vacant land. As one of the longest-running and most well-respected professionals in this field, we take pleasure in setting and exceeding the highest professional standards and sharing our in-depth understanding of the industry and market.
Borrowers may expect a quick decision, fast settlement, and a simple application procedure with IBN Private Lending in Melbourne. We will work with you to arrange your asset loan swiftly utilising a chosen panel of Direct Lenders and, with the help of Bransgroves Lawyers as our documentation partner, we will have your asset-backed mortgage completed in no time.
Private Lending FAQs
What is a Private Lender?
Private lending is essentially borrowing money from a non-traditional lender. This is usually a high net-worth private individual or a firm with excess income from their primary line of business. Private lending is unregulated and does not fall under the National Consumer Credit Protection Act.
In summary, private lending provides a streamlined application procedure, rapid approvals, quick access to cash, and flexible payment arrangements for you and your clients.
What Purpose Can it Be Used For?
When it comes to Private Lending, all funding is for business purposes.
Acquiring a commercial property, purchasing or starting a business, paying off business debt, providing operating capital for a firm, and any property development activity, including construction finance, are all examples of business purposes. The money, however, cannot be utilised to purchase a residential investment property or a home for personal use. The one exception to this rule is where bridging finance is required for less than 60 days.
Why IBN Private?
Banks have long been the go-to commercial loan source for many SME operators and property developers that lacked the financing they required. However, these lenders frequently provide financing options that include extended deadlines, unrealistic covenants, and pages of red tape, terms, and conditions.
Banks’ standards have become so rigorous that only a tiny percentage of applicants make it through the application stage. Irrelevant credit difficulties, inadequate collateral, and a lack of pre-sales might all prevent an applicant from getting a loan. This may be difficult for business owners and property developers, who frequently demand speedy approvals, a lender who understands the constraints encountered by ambitious Australians, and a lender willing to work without up-to-date or comprehensive financials.
This is when IBN Private enters the picture. We’re commercial finance brokers who find commercial finance alternatives for projects that don’t fit typical lending criteria. It’s time to consider Melbourne Private Lending from IBN Private if you need money now and don’t want to jump through rigorous hoops.
Is Melbourne Private Lending Right For Me?
The IBN Private Mortgage Fund loans to the following kind of transactions on a regular basis. Just complete the form below and a member of our team will be in touch to discuss your idea!
Don’t be afraid to chase your dreams; let us find the solution to fund your project so you can make your mark!
Melbourne Private Lenders
1
Contact us for a preliminary assessment of your scenario.
Phone 1300 668 551 or email [email protected].
2
Download and complete an application form and return it to [email protected]
3
We review your application form and we provide a preliminary assessment (usually over the phone, followed by an indicative loan summary). This sets out the key loan terms. We then follow up with a written Indicative Letter of Offer.
4
You accept the Indicative Letter of Offer. We ask for further supporting information to complete our due diligence and also conduct a 3rd party valuation of the security.
5
Your Loan Contract is prepared and issued to you for review.
6
You review and execute the Loan Contract.
7
Your loan is funded!